Bill.com (NYSE:BILL) stock is soaring higher on Friday following several positive bits of news for the fintech company.

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Here’s everything investors need to know about what has BILL stock on the rise today.

• To start off with, several analysts updated their stance on the stock today.
• Oppenheimer analyst Brian Schwartz upped his price target for the stock from $150 to $175.
• Jefferies analyst Samad Samana increased his price target for the stock from $135 to $155.
• BTIG analyst Matt VanVliet bumped up the price target for the stock from $150 to $180.
• Canaccord analyst Hynes David increased his price target from $105 to $150.
• KeyBanc analyst Josh Beck also continues to hold a buy rating for BILL stock with a price target of $165.

• The wave of price target increases for BILL stock comes after the release of its earnings report for the fiscal second quarter of 2021.
• This saw its losses per share of 3 cents beat out Wall Street’s estimate of 8 cents.
• The company’s revenue of $54.05 million also comes in above analysts’ estimates by 15.15%.
• Bill.com’s recent earnings beat is a strong catalyst for growth today.
• BILL stock has been underperforming of late and this earnings beat is just what it needed to get back on track.
• Investors seem to think so as well with more than 4 million shares have changed hands as of this writing.
• That’s quite the spike over its daily average trading volume of 1.37 million shares.

BILL stock was up 30.7% as of Friday afternoon.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.