The Goldman Sachs Group Forecasts Strong Price Appreciation for BILL (NYSE:BILL) Stock

Key Points

• The Goldman Sachs Group raised its price target for BILL (NYSE:BILL) from $54.00 to $62.00, indicating a potential upside of 23.89% from its previous close.
• BILL's recent quarterly earnings beat expectations with an EPS of $0.53, exceeding the consensus estimate of $0.41, alongside a year-over-year revenue increase of 11.5%.
• The company's Board of Directors authorized a $300 million stock repurchase program, demonstrating confidence in the stock's valuation as it suggests management believes shares are currently undervalued.

BILL (NYSE:BILL - Get Free Report) had its price objective upped by analysts at The Goldman Sachs Group from $54.00 to $62.00 in a report released on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. The Goldman Sachs Group's target price suggests a potential upside of 23.89% from the company's previous close.

A number of other research analysts also recently commented on the stock. Robert W. Baird lowered their price objective on shares of BILL from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of BILL in a research report on Thursday, July 17th. They set a "hold" rating and a $49.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of BILL from $46.00 to $56.00 and gave the company a "market perform" rating in a research report on Wednesday, October 1st. Piper Sandler cut shares of BILL from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $70.00 to $50.00 in a research note on Thursday, August 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $75.00 price target on shares of BILL in a research note on Thursday, August 28th. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.75.

BILL Trading Up 1.4%

Shares of BILL stock traded up $0.71 during trading on Monday, hitting $50.05. The stock had a trading volume of 750,375 shares, compared to its average volume of 2,922,110. The stock has a 50 day simple moving average of $47.66 and a 200 day simple moving average of $45.67. The company has a market capitalization of $5.09 billion, a PE ratio of -312.51, a P/E/G ratio of 13.17 and a beta of 1.42. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. BILL has a 1 year low of $36.55 and a 1 year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $376.43 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. BILL has set its FY 2026 guidance at 2.000-2.200 EPS. Q1 2026 guidance at 0.490-0.520 EPS. On average, research analysts expect that BILL will post 0.12 EPS for the current fiscal year.

BILL announced that its Board of Directors has authorized a share buyback program on Wednesday, August 27th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits 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 management believes its shares are undervalued.

Institutional Trading of BILL

A number of institutional investors and hedge funds have recently modified their holdings of BILL. Nomura Holdings Inc. raised its stake in BILL by 7,753.6% during the 2nd quarter. Nomura Holdings Inc. now owns 1,486,762 shares of the company's stock valued at $68,778,000 after purchasing an additional 1,467,831 shares during the last quarter. Contour Asset Management LLC acquired a new position in BILL during the 1st quarter valued at $65,783,000. Dimensional Fund Advisors LP raised its stake in BILL by 110.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,489,918 shares of the company's stock valued at $114,265,000 after purchasing an additional 1,309,337 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in BILL by 133.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,038,609 shares of the company's stock valued at $93,552,000 after purchasing an additional 1,165,398 shares during the last quarter. Finally, Norges Bank acquired a new position in BILL during the 2nd quarter valued at $52,908,000. 97.99% of the stock is currently owned by institutional investors and hedge funds.

BILL Company Profile

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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