TD Cowen Starts BILL (BILL) With a Bullish View

Published on July 8, 2026 at 8:00 am by Venkatesh in News

BILL Holdings, Inc. (NYSE:BILL) is one of the 10 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio.

On June 22, 2026, TD Cowen initiated coverage of BILL Holdings, Inc. (NYSE:BILL) with a Buy rating. The firm has set a price target of $43 on the stock. According to TD Cowen’s research note, the firm views the company as a leading vendor of accounting management solutions, including accounts payable, accounts receivable, and expense management for small businesses. Pointing out that improving fundamentals and execution warrant multiple expansion, the firm expects a steadier upward momentum for the shares. TD Cowen believes these positive factors will overcome muted investor sentiment following a 40% year-to-date decline.

In contrast, earlier this month, on June 10, 2026, Truist downgraded the rating on BILL Holdings, Inc. (NYSE:BILL) from Buy to Hold. The firm held a price target of $35 on the stock, down from $45. Truist believes that an acquisition of BILL Holdings, Inc. (NYSE:BILL) is increasingly unlikely due to AI-driven uncertainty. The analyst notes its positive catalyst path is less clear, with core revenue growth likely to decline to low-teens next year during intensifying competition.

Founded in 2006, BILL Holdings, Inc. (NYSE:BILL) is a leading provider of cloud-based software that automates financial operations for small and midsize businesses (SMEs). Headquartered in California, the company’s platform streamlines accounts payable, accounts receivable, and spend management.

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