Fly News Breaks for February 7, 2020
Feb 7, 2020 | 09:34 EDT
Needham analyst Scott Berg raised his price target on Bill.com to $55 and kept his Buy rating after its first post-IPO earnings. The analyst says the results were "impressive" with 50% top-line growth, led by core subscription and transaction revenue that accelerated to the fastest growth rate in his model. Berg adds that Bill.com stands to benefit from the continued macro tailwinds in the payments space.
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