11 Best Tech Stocks to Buy On the Dip

1. BILL Holdings, Inc. (NYSE:BILL) 

Year-to-Date Performance: -50.74%

Analyst Upside Potential: 32.85%

Number of Hedge Fund Holders: 53

BILL Holdings, Inc. (NYSE:BILL) is one of the 11 Best Tech Stocks to Buy On the Dip. On June 11, Morgan Stanley analyst Chris Quintero downgraded BILL Holdings, Inc. (NYSE:BILL) to Hold while also reducing the price target from $60 to $55. The downgraded rating comes after the firm sees depreciating spending trends in the small and medium-sized business.

Chris Quintero noted that the previous improved sentiment around BILL Holdings, Inc. (NYSE:BILL) was based on the optimism that small and medium-sized businesses will see improved spending, better monetization strategies, and attractive valuations. However, recent market developments indicate weakness in all these factors. The analyst highlighted that while the long-term prospects of BILL Holdings, Inc. (NYSE:BILL) remain positive, the near-term outlook remains questionable, thereby undermining its immediate growth catalyst.

The company released its fiscal third quarter results for 2025 on May 8. The total revenue for the quarter grew 11% year-over-year to $358.2 million, whereas the core revenue grew 14% to $320.3 million. BILL Holdings, Inc. (NYSE:BILL) revised its full-year outlook downwards and now expects FY25 revenue to grow around 12% to 13% down from the previous guidance of 13% to 14% growth.

While we acknowledge the potential of BILL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BILL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.