5 Best Up And Coming Stocks To Invest In

In this article, we will be taking a look at the 5 best up and coming stocks to invest in. To read our detailed analysis of current stock market trends, you can go directly to see the 11 Best Up And Coming Stocks To Invest In.

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

Number of Hedge Fund Holders: 45

Bill.com Holdings, Inc. (NYSE:BILL) is an application software company based in San Jose, California. The company is offering fintech solutions and financial automation software to small and medium enterprises.

Will Nance at Goldman Sachs holds a Buy rating and a $136 price target on shares of Bill.com Holdings, Inc. (NYSE:BILL) as of July 13.

Bill.com Holdings, Inc. (NYSE:BILL) was spotted in the portfolios of 45 hedge funds in the first quarter, with a total stake value of $1.1 billion.

This is what Artisan Partners said about Bill.com Holdings, Inc. (NYSE:BILL) in its first-quarter 2023 investor letter:

“We ended our investment campaigns in BILL Holdings, Inc. (NYSE:BILL, ZoomInfo Technologies and First Republic Bank during the quarter. BILL Holdings offers cloud-based applications that simplify, digitize and automate back-office accounts receivable and accounts payable processes for small and medium-sized businesses (SMBs). We view the company’s addressable market as large and its business model attractive. However, we are seeing pressure on SMB payments trends given the slowing economy. Also, we are concerned about Intuit’s expansion into accounts payable automation given a meaningful portion of BILL’s customers (and addressable market) use Intuit’s market-leading QuickBooks accounting software. With our conviction in the thesis wavering, we decided to harvest the position in favor of more compelling opportunities.”