BTIG Reiterates Buy Rating on Bill.com Holdings Inc. (BILL)

BTIG analyst Andrew Harte reiterated a Buy rating and $60.00 price target on Bill.com Holdings Inc. (NYSE: BILL).

The analyst comments "We reiterate our Buy rating on BILL headed into 2QFY26 earnings on 2/5. We think Capital One's (COF, Buy, $270 PT, Analyst: Vincent Caintic) acquisition of Brex provides BILL significant valuation support, and we also believe BILL has a clear path to improving its Rule of 40 metric. In regard to the upcoming quarter, we think revenue will be in line with guidance but are cautious on the customer growth number as GTM shifts are underway. We also think there is opportunity for another significant bottom-line beat (although the profitability bar for investors seems to have been raised). We think BILL offers a very attractive risk/reward, trading at 3x FY26E EV/GP and 15x EV/EBITDA. We are confident in the company's ability to grow mid-teens for the next several years, while at the same time significantly expanding EBIT margins (we model +720bps from FY25 to FY27, excluding float). We see several ways investors can win with BILL (see our note 'What Could an Activist See in BILL') whether that be execution as a public company or a strategic alternative."

For an analyst ratings summary and ratings history on Bill.com Holdings Inc. click here. For more ratings news on Bill.com Holdings Inc. click here.

Shares of Bill.com Holdings Inc. closed at $43.17 yesterday.

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