Evercore ISI Group Lowers BILL Holdings Price Target to $48.00

Evercore ISI Group analyst Peter Levine lowered the price target for BILL Holdings from $50.00 to $48.00, a 4.00% decrease. This adjustment comes as analysts have made various changes in ratings and price targets for the company in the past few months. The average target price for BILL Holdings is $57.77 with an estimated upside of 38.77%.

Title: Analyst Adjustments and Price Targets for BILL Holdings

Evercore ISI Group analyst Peter Levine recently lowered the price target for BILL Holdings, Inc. (BILL) from $50.00 to $48.00, a 4.00% decrease. This adjustment follows a series of changes in ratings and price targets for the company over the past few months. The average target price for BILL Holdings stands at $57.77, with an estimated upside of 38.77% [1].

Key Points

- Analyst Adjustment: Peter Levine, an analyst at Evercore ISI Group, reduced BILL's price target from $50.00 to $48.00, indicating a 4.00% decrease.
- Recent Earnings Report: BILL Holdings reported adjusted earnings of 53 cents per share and sales of $383.34 million in the fourth quarter, beating market expectations.
- Share Repurchase Program: The company announced a new $300 million share repurchase program, reflecting confidence in its long-term strategy.
- Outlook: BILL Holdings expects first-quarter adjusted earnings per share of 49 cents to 52 cents and full-year adjusted earnings per share of $2.00 to $2.20.

Analyst Ratings and Price Targets

Following the earnings report, multiple analysts issued price target adjustments:
- Keefe, Bruyette & Woods: Sanjay Sakhrani maintained a Market Perform rating and lowered the price target from $54 to $46.
- BMO Capital: Daniel Jester maintained a Market Perform rating and lowered the price target from $52 to $50.
- Evercore ISI Group: Peter Levine maintained an In-Line rating and lowered the price target from $50 to $48.
- Piper Sandler: Clarke Jeffries downgraded the stock from Overweight to Neutral and lowered the price target from $70 to $50.

Market Reaction

At the time of writing, BILL shares were trading 16.65% higher, indicating a positive market response to the earnings report and the share repurchase announcement.

Conclusion

The recent adjustments in analyst ratings and price targets for BILL Holdings reflect a mixed outlook among financial professionals. While the company's strong earnings report and share repurchase program indicate confidence in its long-term strategy, the adjustments in price targets suggest varying expectations for the stock's performance. Investors should closely monitor the company's future earnings and strategic initiatives to assess the potential impact on the stock price.

References

[1] https://www.benzinga.com/trading-ideas/movers/25/08/47394620/whats-going-on-with-bill-holdings-stock-thursday