2024-06-14 09:20:59 ET
Summary
- BILL Holdings, Inc. shows promising revenue growth with a 19% increase y/y.
- I believe the valuation at 19x forward non-GAAP operating profits is reasonable.
- I can no longer remain bearish on BILL Holdings stock.
Investment Thesis
Nearly every investor who has invested in BILL Holdings, Inc. ( BILL ) in the past 4 years is today looking at a loss in the portfolio. Can you imagine the feverish dislike for this stock? Think about all the negative emotions that investors must hold here....
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BILL Holdings: Still A Sell? Maybe Not (Rating Upgrade)