Bill.com Shares Soar As Analysts Bump Up Price Targets - BILL Holdings (NYSE:BILL)

Analysts bumped up price targets on Bill.com Holdings BILL following upbeat Q1 FY22 results.
Canaccord analyst Joseph Vafi raised the price target to $366 from $284, implying 24.5% upside, and reiterated a Buy.
The analyst believes core organic revenue growth is benefiting from the ongoing network effects of the Bill platform, along with cross-selling opportunities already being realized from Divvy.
Piper Sandler maintained Overweight and lifted the price target to $380, implying a 29.3% upside.
The firm is positive on 'another surprise acceleration in organic core revenue with 78% Y/Y growth' with 5,600 net quarterly adds; sees company's 'differentiated business riding an SMB finance transformation wave.'
SMBC Nikko maintained Outperform and raised the price target to $370, implying a 25.9% upside.
Needham maintained a Buy and increased the price target to $370.
KeyBanc affirmed Overweight and increased the price target to $375, implying a 27.6% upside.
The firm is positive on 'high-quality organic revenue beat' with organic growth guided to mid-50s from mid-40s; it sees the combination of strong organic trends to drive company strategy focused on back-office operations.
Price Action: BILL shares traded higher by 13.40% at $333.32 on the last check Friday.