The tech sector may be in the midst of a shutdown, but Bill.com is poised for massive growth, according to JPMorgan. Analyst Tien-tsin Huang began covering the stock with an excess rating, describing Bill as “a good growth stock with the advantage of being an early mover”. “BILL has built a foundation to solve a longstanding problem that SMBs (small and medium-sized businesses) have in paying bills and has established itself as the leader of the category and we expect growth will accrue quickly. Our forecast medium-term revenue CAGR of close to 50% ranks BILL as the #1 fastest-growing company in our coverage, well-deserved for the high multiples” , wrote Huang. Bill’s stock has fallen more than 60% since its November high last year, trailing most other tech stocks. JPMorgan says the company is still unprofitable, but last year’s acquisition of Divvy is starting to pay off in boosting its cash flow. “Most of the growth to date has been natural, but BILL recently started introducing Divvy products to the installed base, opening up significant earnings power – 1% of Divvy’s penetration into the installed base. put the equivalent of a 7% revenue increase,” wrote Huang. JPMorgan has a $140 price target per share, 22% above Thursday’s closing stock price. – CNBC’s Michael Bloom contribute to this report.