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Fly News Breaks for January 6, 2020
BILL
Jan 6, 2020 | 09:01 EDT
Canaccord analyst Richard Davis initiated coverage of Bill.com with a Hold rating based on valuation. The analyst believes Bill.com has the potential to become the next vertical SaaS pedestal company and they have a long way to go before it risks hitting a TAM ceiling. He said its execution could mean 40% revenue growth for the next three years with it breaking even by 2023. Davis has a $40 price target on Bill.com shares.
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