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BILL, Remitly, Marqeta Win Analyst Support As Fintech Growth Picks Up

BILL, Remitly, Marqeta Win Analyst Support As Fintech Growth Picks Up

Last week, JP Morgan analyst Tien-tsin Huang hosted 17 payments and processing firms at its Global TMC Conference in Boston. Huang had an Overweight rating on BILL Holdings, Inc (NYSE:BILL) with a price target of $55 on Monday.Huang noted BILL as a category killer in SMB AP Automation, displacing manual and legacy solutions (including paper check processing).Also Read: Fiserv Delivers Solid Q1, Strong Margins And Client Wins, But Stock SlidesBILL was once a top growth name in Huang's FinTech coverage, and he sees paths to reclaim that status: cross-selling recent acquisitions, leveraging strong partnerships with banks and accountants, and helping SMBs cut costs through automation.Huang projected fourth-quarter revenue of $376 million and adjusted EPS of $0.41.Huang had an Overweight rating on Fiserv, Inc (NYSE:Full story available on Benzinga.com

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