Bill.com Has Potential to Beat 2024 Street Estimates
<p>Piper Sandler analysts raised their price target on <a href='https://financialmodelingprep.com/financial-summary/BILL'>Bill.com Holdings (NYSE:BILL)</a> to $165.00 from $110.00 while reiterating their Overweight rating.</p>
<p>According to the analyst, positive early signs of demand stabilization in core TPV (Total Payment Volume) based on third-party inputs, combined with a deeper analysis of underlying growth catalysts for the next year, have led to an upward revision of estimates. </p>
<p>The analysts believe there is potential for exceeding the consensus growth of 24% for fiscal 2024. Additionally, the introduction of a new unified console across BILL and Divvy could unlock significant growth, as each $1 billion GMV (Gross Merchandise Value) cross-sell could generate over $250 million in incremental revenue. </p>

NYSE:BILL