Shares of BILL Holdings Inc. (BILL) soared over 6% on Friday after two major Wall Street banks raised their price targets on the stock, citing the company's strong growth prospects.
UBS analyst Eric Sheridan increased his price target on BILL to $90 from $65 while maintaining a "Buy" rating. In a note to clients, Sheridan highlighted BILL's expanding customer base and robust revenue growth as key factors driving the upgrade.
Similarly, Jefferies analyst John Coogan raised his price target on BILL to $92 from $65. Coogan noted that BILL's innovative software solutions are gaining traction across various industries, positioning the company for continued success in the rapidly evolving digital payments landscape.
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