FMP
Jan 16, 2025 10:06 PM - Andrew Wynn(Last modified: Jan 17, 2025 9:39 AM)
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BILL Holdings (NYSE:BILL) is a company that provides cloud-based software solutions for small and medium-sized businesses to manage their financial operations. The company is known for its innovative approach to automating back-office financial processes. BILL competes with other financial technology companies like Intuit and Square, offering solutions that streamline billing, invoicing, and payment processes.
On January 16, 2025, Chris Quintero from Morgan Stanley set a price target of $95 for BILL. At that time, the stock was priced at $87.09, suggesting a potential increase of about 9.08% to reach the target. This optimistic outlook aligns with the recent upgrade of BILL to a Zacks Rank #1 (Strong Buy), indicating increased confidence in the company's earnings potential.
Currently, BILL's stock is priced at $88.24, reflecting a $1.15 increase or a 1.32% rise. The stock has shown volatility, with a daily range between $87.68 and $90.50. Over the past year, BILL's stock has fluctuated significantly, reaching a high of $97.86 and a low of $43.11. This volatility may present opportunities for investors looking to capitalize on price movements.
BILL's market capitalization is approximately $9.13 billion, indicating the company's substantial size in the financial technology sector. The trading volume of 2,222,884 shares suggests active investor interest and liquidity in the stock. This level of activity can be beneficial for investors seeking to enter or exit positions without significant price impact.
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