Analysts Are Cutting Price Targets of These 5 Stocks

In this article, we discuss the 5 stocks receiving price-target cut from analysts. If you want to see more such stocks on the list, go directly to Analysts Are Cutting Price Targets of These 10 Stocks.

05. BILL Holdings, Inc. (NYSE:BILL)

Number of Hedge Fund Holders: 58

On May 2, Jefferies analyst Samad Samana lowered the price target on BILL Holdings, Inc. (NYSE:BILL) from $125 to $100 while maintaining a Buy rating on the shares. According to the analyst, BILL Holdings, Inc. (NYSE:BILL) is expected to meet at least consensus estimates for fiscal 2023. However, the firm does not anticipate a significant upside as third-party and macro data suggest that trends have largely slowed down. The analyst notes that investor expectations are subdued due to concerns about bank sector uncertainty and the potential threat from Intuit (INTU). Despite the recent sharp decline in the stock price, Jefferies contends that BILL Holdings, Inc. (NYSE:BILL) needs to demonstrate that its growth has stabilized to regain investor confidence.