BILL - This Stock Is Down 42% This Year but Wall Street Sees a 73% Upside
2024-06-23 06:00:00 ET
The S&P 500 has reached records this year, but it's somewhat misleading. It's a market-value-weighted index, and much of its gains come from a few stocks with high market caps like Nvidia , which is up about 150% this year, and Meta Platforms , which is up about 40%.
Many other stocks are feeling pressure from inflation and high interest rates. Bill Holdings (NYSE: BILL) stock is down about 42% year to date, but Wall Street sees it heading 73% higher. Let's see why.
Bill is a financial platform for small businesses. It connects all of a company's financial transactions, like accounts payable and receivable, into one unified platform where everything is recorded to flow together seamlessly. It does the heavy lifting, which frees up employees to do creative and analytical work. That saves a company time and money.
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This Stock Is Down 42% This Year, but Wall Street Sees a 73% Upside