Bill Holdings (BILL) Stock

The S&P 500 is experiencing a strong bull market, having risen by 26% in 2024 after also increasing by 26% in 2023.

The leading stocks, including Urban Outfitters, Deckers Outdoor, BILL Holdings, The Travelers Companies, and Stride, are expected to perform well in their upcoming earnings reports. They are likely to exceed expectations in their financial results.

Is BILL Holdings (BILL) a strong choice for momentum investors? Let's take a closer look.

BILL Holdings' future looks promising due to a growing number of clients, increased user involvement, expansion of their network, and improvements to their platform.

SAN JOSE, Calif.--(BUSINESS WIRE)--BILL Holdings, Inc. (NYSE: BILL) has announced the successful completion of its offering of 0% Convertible Senior Notes due 2030, raising a total of $1.4 billion. This amount includes the full exercise of a $150 million option given to the initial buyers of the Notes. The Notes were sold in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act.

SAN JOSE, Calif.--(BUSINESS WIRE)--BILL Holdings, Inc. (NYSE: BILL) has announced that it has set the price for $1.25 billion in 0% Convertible Senior Notes that will mature in 2030. These Notes are being sold in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933. The total amount offered has been raised from an earlier figure.

BILL Holdings has made a strong comeback thanks to increased revenue in the first quarter and an improved forecast for FY25, now expecting 12-13% growth instead of the earlier 10-12%. I am changing my rating on BILL Holdings to a buy from a strong buy and setting a price target of $105. The significant increases in free cash flow and operating margins in Q1 suggest that there may be positive updates to guidance later this year.

SAN JOSE, Calif.--(BUSINESS WIRE)--BILL (NYSE:BILL), a top financial operations platform for small and medium-sized businesses (SMBs), has announced it will take part in the upcoming UBS Global Technology and AI Conference on Wednesday, December 4, 2024, at 1:55 p.m. PT. The live webcast and a replay will be accessible on the Company's investor relations website at https://investor.bill.com/. Please be aware that the presentation time may change.

BILL Holdings (BILL) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.