Oppenheimer Forecasts Strong Price Appreciation for BILL (NYSE:BILL) Stock

Key Points

• Oppenheimer raised the price target for BILL (NYSE:BILL) from $55 to $60, indicating a potential upside of 15.56% from its previous close, and currently holds an "outperform" rating on the stock.
• Multiple analysts have provided bullish ratings for BILL, with Wolfe Research setting a target of $70, and Canaccord Genuity at $75, while the consensus price target sits at $60.10.
• BILL announced a $300 million share repurchase program, which could signal confidence in the stock's valuation from its Board of Directors.

BILL (NYSE:BILL - Get Free Report) had its price target upped by stock analysts at Oppenheimer from $55.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Oppenheimer's price objective points to a potential upside of 15.56% from the stock's previous close.

Several other research analysts have also issued reports on the stock. Wolfe Research upgraded shares of BILL from a "peer perform" rating to an "outperform" rating and set a $70.00 price target for the company in a research note on Thursday, September 11th. Canaccord Genuity Group reiterated a "buy" rating and issued a $75.00 price target on shares of BILL in a research note on Thursday, August 28th. Truist Financial set a $61.00 price target on shares of BILL in a research note on Friday. Keefe, Bruyette & Woods increased their price target on shares of BILL from $46.00 to $56.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 1st. Finally, Mizuho decreased their price target on shares of BILL from $50.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.10.

BILL Trading Up 2.3%

Shares of NYSE:BILL traded up $1.15 on Friday, hitting $51.92. The company had a trading volume of 664,570 shares, compared to its average volume of 2,903,680. The firm's 50-day simple moving average is $49.46 and its two-hundred day simple moving average is $46.07. BILL has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of -324.31, a P/E/G ratio of 13.53 and a beta of 1.42.

BILL (NYSE:BILL - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.41 by $0.12. BILL had a net margin of 1.63% and a return on equity of 1.16%. The firm had revenue of $383.35 million during the quarter, compared to analysts' expectations of $376.43 million. During the same period last year, the company posted $0.57 EPS. The company's quarterly revenue was up 11.5% compared to the same quarter last year. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. Equities analysts anticipate that BILL will post 0.12 earnings per share for the current fiscal year.

BILL announced that its Board of Directors has approved a share repurchase program on Wednesday, August 27th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Institutional Trading of BILL

Large investors have recently made changes to their positions in the stock. Quarry LP grew its stake in shares of BILL by 85.9% in the first quarter. Quarry LP now owns 766 shares of the company's stock worth $35,000 after acquiring an additional 354 shares during the period. Brooklyn Investment Group grew its stake in shares of BILL by 73.6% in the first quarter. Brooklyn Investment Group now owns 889 shares of the company's stock worth $41,000 after acquiring an additional 377 shares during the period. UMB Bank n.a. grew its stake in shares of BILL by 283.3% in the second quarter. UMB Bank n.a. now owns 1,215 shares of the company's stock worth $56,000 after acquiring an additional 898 shares during the period. GAMMA Investing LLC grew its stake in shares of BILL by 303.9% in the first quarter. GAMMA Investing LLC now owns 1,236 shares of the company's stock worth $57,000 after acquiring an additional 930 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of BILL by 102.7% in the second quarter. Blue Trust Inc. now owns 1,261 shares of the company's stock worth $58,000 after buying an additional 639 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

About BILL

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.

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