Fly News Breaks for January 6, 2020
Jan 6, 2020 | 07:12 EDT
BofA analyst Brad Sills initiated coverage of Bill.com with a Buy rating and $48 price target. The company is benefiting from growing adoption of cloud-based accounts payable solutions and electronic payments. Further, Bill.com is well positioned to continue gaining share, given the breadth of its offering, its multi channel go to market strategy, and installed base of over 80,000 customers, Sills tells investors in a research note.
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