Financial Sector Ideas

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Bill.com Holdings (BILL) - >>> 19 of the Best Stocks You've Never Heard Of

Kiplinger

by Jeff Reeves

6-23-20


https://www.kiplinger.com/slideshow/investing/t052-s001-19-of-the-best-stocks-youve-never-heard-of/index.html


Bill.com Holdings

Sector: Information technology
Market value: $6.1 billion
Dividend yield: N/A

Silicon Valley firm Bill.com Holdings (BILL, $81.86) does exactly what the name implies: It offers payments processing services such as ACH transfers, virtual credit cards and digital checks for small businesses.

It's a much-needed service that is particularly important in 2020 as companies have to figure out how to do business digitally. And Bill.com is sure to stick with many of its newer clients who are proving out the value of this web-based payments portal over their old accounting methods.

At least, that's what Wall Street seems to think.

Increased adoption rates and better monetization across the start of the year has analysts quite pleased; Piper Sandler, Needham, KeyCorp, BofA and Jefferies all labeled the stock a Buy or boosted their price targets in May, suggesting it's one of the best stocks to buy among mid-caps.

Those positive forecasts came on the heels of a stellar earnings report that included 46% revenue growth as subscripts and transactions surged 63% over the prior year. In other words, the recent optimism is backed by impressive numbers.

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