BILL Holdings Inc. Surpasses Analyst Target: Time for Investors to Reassess?
Recently, BILL Holdings Inc (Symbol: BILL) has seen its shares trade above the average 12-month target price set by analysts, priced at $88.44/share compared to the target of $86.38. When a stock hits this target, analysts have a couple of choices: they can downgrade on valuation or raise their target price based on positive developments within the company.
The average price target for BILL Holdings Inc is based on inputs from 21 analysts within the Zacks coverage universe. It’s important to note that averages can be misleading. For instance, while one analyst predicts a price of only $55.00, another is optimistic, setting a target as high as $120.00. The standard deviation stands at $16.641, indicating varied opinions among analysts.
The purpose of examining the average price target is to tap into collective analyst insights, rather than relying on a single expert’s viewpoint. With BILL’s stock trading above the average target price of $86.38/share, it prompts investors to consider the next steps: Is the $86.38 mark merely a pause on the journey to higher targets, or has the stock’s valuation stretched too far, warranting profit-taking? Below is a detailed table displaying the latest analyst ratings for BILL Holdings Inc:
| Recent BILL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 13 | 12 | 12 | 12 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 9 | 10 | 11 | 11 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 1.96 | 2.04 | 2.08 | 2.08 |
The average rating ranges from 1 (Strong Buy) to 5 (Strong Sell), reflecting analysts’ sentiments. This article utilizes data from Zacks Investment Research via Quandl.com. For the latest research report on BILL, click for free access.
Check Out the Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
Institutional Holders of ALXO
CRY YTD Return
CAI Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
