NEW YORK, Jan 4, 2026, 11:01 AM ET — Market closed
- BILL shares ended Friday down 7.3% at $50.56, setting up a test when U.S. markets reopen Monday.
- Keefe, Bruyette & Woods lifted its price target to $60 while keeping a “market perform” rating, Benzinga data showed.
- Next catalysts include a Jan. 16 finance leadership change disclosed in an SEC filing and an earnings update expected in early February.
BILL Holdings, Inc. (NYSE: BILL) shares closed down 7.3% on Friday at $50.56, a sharp drop that left the small-business payments and software name on watchlists ahead of Monday’s reopening. The move came even as Keefe, Bruyette & Woods raised its price target. (Investing.com quote)
The slide matters now because it was one of the stock’s biggest single-day declines in weeks and pushed BILL back toward the lower end of its recent trading band. With the new year starting on a choppy note for growth stocks, investors are looking for clearer signals on interest rates and small-business spending — two inputs that can quickly swing fintech valuations.
It also leaves BILL trading roughly halfway below its 52-week high, underscoring how quickly sentiment can turn on software names tied to transaction activity. The stock’s 52-week range stands at about $36.55 to $100.19, according to market data. (Investing.com quote)
On Friday, BILL opened near $55 and traded as low as about $50.5 before settling near the session low. About 3.6 million shares changed hands, according to LSEG data.
The broader tape did not offer much support. The S&P 500 ended Friday up 0.19% while the Nasdaq finished essentially flat, a session marked by higher Treasury yields and a rotation toward value. (Reuters market report)
“Value is outperforming growth,” said Jed Ellerbroek, a portfolio manager at Argent Capital, in a Reuters interview, capturing a backdrop that tends to pressure higher-multiple software stocks. (Reuters market report)
Against that setting, Sanjay Sakhrani at Keefe, Bruyette & Woods raised his price target on BILL to $60 from $52 and kept a “market perform” rating, Benzinga’s analyst ratings feed showed. (Benzinga analyst ratings)
A “price target” is an analyst’s estimate of where a stock could trade over the next year, while “market perform” is Wall Street shorthand for a roughly neutral view — not a call to buy aggressively, but not a warning to sell.
BILL sells cloud-based tools that help small and midsize businesses automate payables and receivables — the routine work of sending, receiving and tracking payments. The company’s results tend to track how much money moves through its platform and how well it holds onto customers in a tight spending environment. (BILL investor overview)
The next major company catalyst is its quarterly update, with several market calendars pointing to an early-February report; Nasdaq’s earnings page currently shows an estimated Feb. 5 date. Investors will be listening for commentary on payment volumes, customer growth and outlook for 2026. (Nasdaq earnings page)
Before that, investors also have a mid-January management change to parse. The company’s principal accounting officer, Germaine Cota, plans to resign effective Jan. 16, an SEC filing showed. (SEC Form 8-K)
But the risk for bulls is that rising yields and any signs of slowing small-business activity could hit payment volumes and keep pressure on software valuations. If BILL’s next update disappoints, the stock could quickly drift back toward its 52-week low area.
