Why Bill.com Stock Popped 10% This Morning

Shares of recent IPO and automated accounts receivable and accounts payable company Bill.com (NYSE: BILL) closed up 8% in Thursday trading, after rising as much as 10% earlier in the day on support from an upgrade received from investment bank Piper Sandler.

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Piper Sandler said it was upgrading Bill.com stock -- currently trading just shy of $70 -- to $85 a share, which implies a better than 21% profit potential.

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Source Fool.com