BUZZ-BILL Holdings jumps after FY forecast raise

Reuters
08 Nov 2024

** Shares of BILL Holdings 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))

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