5 Best Up-and-Coming Stocks to Buy Now

In this article, we will look at the 5 best up-and-coming stocks to buy now. If you want to explore similar stocks, you can go to 12 Best Up-and-Coming Stocks to Buy Now.

5. Bill.com Holdings, Inc. (NYSE:BILL)

Revenue Growth in Q1 2022: 179.41%

Revenue Growth in Q2 2022: 155.80%

Revenue Growth in Q3 2022: 97.52%

Number of Hedge Fund Holders: 70

Bill.com Holdings, Inc. (NYSE:BILL) is a leading global provider of cloud-based financial management software for SMEs. With a strong customer base and long-term growth prospects, Bill.com Holdings, Inc. (NYSE:BILL) is an attractive investment for those looking for a disruptive technology play and is one of the best-up and-coming stocks to buy now. The company has grown its revenue by over 150% on average in the first three quarters of 2022.

On January 9, Wells Fargo analyst Jeff Cantwell revised his price target on Bill.com Holdings, Inc. (NYSE:BILL) to $180 from $195 and reiterated an Overweight rating on the shares.

At the end of Q3 2022, 70 hedge funds were long Bill.com Holdings, Inc. (NYSE:BILL) and held stakes worth $1.66 billion in the company. Of those, Abdiel Capital Advisors was the top investor in the company and held stakes worth $267.5 million.

Here is what TimesSquare Capital Management had to say about Bill.com Holdings, Inc. (NYSE:BILL) in its third-quarter 2022 investor letter:

“Bill.com Holdings, Inc. (NYSE:BILL) offers cloud-based software that simplifies, digitizes, and automates back-office functions for small and mid-sized businesses. The company has indicated that customer spending softened a bit in recent months and that has been factored into forward guidance. We decided to sell out of the position, which had declined by -20% while it was held in the quarter.”