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Fly News Breaks for January 6, 2020
BILL
Jan 6, 2020 | 05:26 EDT
Needham analyst Scott Berg initiated coverage of Bill.com with a Buy rating and $43 price target. The analyst believes the company offers investors access to the "fast-growing" electronic business-to-business payment space. While the stock may look expensive, a "strong" go-to-market strategy, including burgeoning channel relationships with financial Institutions, will support price appreciation over an extended period, Berg tells investors in a research note.
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