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Benzinga

Business

Anusuya Lahiri

SHOCKING: Bill com shares gain as analysts cheer its q4 performance - What They Never Told You

BILL Scott Berg NYSE Jeff Cantwell

Bill.com Holdings, Inc (NYSE:BILL) clocked 156% revenue growth in the fiscal fourth quarter to $200.2 million, beating the consensus of $183.1 million. The quarterly net loss of 3 cents per share beat consensus for a loss of 13 cents per share.

Needham analyst Scott Berg maintained a Buy rating on Bill.com and set a price target of $200. BILL reported excellent 4Q results and provided solid FY23 guidance despite some weakening of discretionary payments, Berg noted.

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