Piper Sandler分析师建议在他最喜欢的全天候成长型股票中增加头寸-找出哪只股票

2022-06-16 23:35

Piper Sandler analyst Brent Bracelin maintained Bill.com Holdings, Inc (NYSE:BILL) with an Overweight and raised the price target from $205 to $212.
Float revenue TTM has fallen to $4 million from a peak of $25 million in CY19 but should rebound alongside rising interest rates, as per Bracelin.
Following the biggest Fed Funds Rate (FFR) hike since 1994, he raised the float revenue estimates for BILL by $16 million for FY23 to $20 million.
He saw the potential for float revenue to $80 million+ in FY24, factoring in the multi-quarter lag between the realized yields and FFR changes.
He noted that nominal costs were associated with incremental float revenue, but the impact on the bottom line could be even more meaningful, accelerating the path to profitability.
The PT reflects higher float revenue and profit estimates.
He recommended large-cap growth investors continue adding to positions in one of his favorite all-weather growth stocks.
Price Action: BILL shares traded lower by 5.88% at $106.65 on the last check Thursday.