BILL Holdings Surpasses Analyst Price Target: What’s Next for Investors?
In recent trading, shares of BILL Holdings Inc (Symbol: BILL) surpassed the average analyst 12-month target price of $68.43, currently trading at $77.31 per share. Analyzing analyst responses to such price movements typically revolves around one of two avenues: downgrading due to valuation or increasing their target price. The direction of this response often hinges on the underlying business developments driving the stock’s ascent. If prospects for the company look bright, unwinding a target price could be warranted.
Within the Zacks coverage universe, 21 analysts contribute to the average target for BILL Holdings Inc. This average, however, reflects a combination of various forecasts. For instance, some analysts predict a lower price of $45.00 while another suggests a much higher target of $100.00, showcasing the range of opinions. The standard deviation among these price targets stands at $15.094.
Investors often seek insight from the average target per analysts to benefit from a “wisdom of crowds” approach—utilizing collective insights rather than relying solely on a single expert. As BILL crosses above the average target of $68.43/share, it raises questions for investors: is this level merely a stop on the way to an even higher target, or has the stock reached a point where it’s time to reconsider their positions? Below is a breakdown of current analyst insights regarding BILL Holdings Inc:
| Recent BILL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 12 | 12 | 11 | 12 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 10 | 11 | 12 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.04 | 2.08 | 2.16 | 2.04 |
The average rating shown in the table ranges from 1 to 5, where 1 indicates Strong Buy and 5 indicates Strong Sell. This information is sourced from Zacks Investment Research via Quandl.com. You can access the latest Zacks research report on BILL for more insights.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
