10 Best M&A Target Stocks to Buy Now

8. BILL Holdings, Inc. (NYSE:BILL)

Short Percentage of Float: 15.36%

BILL Holdings, Inc. (NYSE:BILL) is one of the best M&A target stocks to buy now.

BILL Holdings, Inc. (NYSE:BILL) remains a credible M&A target because its takeover angle is tied to both activist pressure and reported private-equity interest. Reuters noted on May 7 that BILL had been exploring a sale under pressure from activist investors such as Elliott Investment Management, which had built a large stake in the company. The sale exploration had originally been reported in November 2025, while BILL’s shares later jumped in February 2026 on reports that Hellman & Friedman was in talks to buy the company. Reuters had also reported in September 2025 that Elliott owned roughly 5% of BILL, while Starboard Value had built an 8.5% stake and nominated four directors, intensifying pressure on the financial-automation software company.

The company is also trying to improve profitability, which can make the asset easier for financial buyers to underwrite. On May 7, BILL reported fiscal third-quarter 2026 revenue of $406.6 million, up 13% year over year, while core revenue rose 16% to $371.1 million. The company also announced a $1 billion share repurchase authorization and said it was cutting about 30% of its workforce to improve efficiency.

BILL Holdings, Inc. (NYSE:BILL) provides cloud-based financial operations software for small and midsize businesses, including accounts payable, accounts receivable, spend management, payments, and related automation tools.