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Stock impact report

BILL Holdings: No Positive Catalysts In The Near Term [Seeking Alpha]

Bill.com Holdings, Inc. (BILL) 
Last bill.com holdings, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Seeking Alpha
Weak macro outlook is going to continue directly impact near-term growth. Weakness in take rates should persist for the near-term as SMBs remains tight on their budget. Investment action I recommended a hold rating for BILL Holdings, Bill.com, ( NYSE: BILL ) when I wrote about it the last time , as I remained uncertain about BILL's operating performance. In hindsight, the decision to stay on the sidelines was a smart move, as the stock fell by more than 50% since my last update. Based on my current outlook and analysis of BILL, I recommend a hold rating. I don't see any catalysts or reasons for the stock to react positively in the near term as the macro outlook remains uncertain. Management initiatives to improve take rates are unlikely to show significant results in the near term as businesses remain wary about their budgets. Additionally, the market appears to be focused on the near-term (as seen from the stock price action), so any long-term bull case is off the table. Rev Show less Read more
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