BILL Holdings jumps after FY forecast raise

BILL Holdings

08/11/2024 13:24

** Shares of BILL Holdings  BILL.N  jump 14.6% to $75.50
premarket, after the financial operations platform raises
full-year revenue and profit forecast
    ** Stock set to open at a nine-month high, if gains hold
    ** BILL expects FY25 revenue between $1.44 bln and $1.46
bln, compared with $1.42 bln to $1.45 bln earlier
   ** Forecasts FY25 adjusted EPS between $1.65 and $1.83 vs
$1.36 to $1.61 earlier
    ** Company also beats expectations for Q1 results
    ** Processed $80 bln in total payment volume in Q1, an
increase of 14% over a year earlier
    ** At least four brokerages raise PT on the stock
    ** 14 of 25 analysts who cover BILL rate the stock "buy" or
higher, 10 "hold" and one "sell"; median PT is $75 - LSEG data
    ** As of last close, stock down ~19% YTD

 (Reporting by Ragini Mathur)
 ((Ragini.Mathur@thomsonreuters.com))