Bill price target raised to $77 from $57 at BMO Capital

BMO Capital raised the firm’s price target on Bill (BILL) to $77 from $57 and keeps a Market Perform rating on the shares. The company’s Q1 results were solid, with revenue and profitability directionally consistent with the upside cases, and while macro conditions for SMBs are still uneven, Bill’s progress in driving payment adoption and investments in go-to-market and innovation could further support the business in the second half of FY25, the analyst tells investors in a research note.