TD Cowen initiated coverage of BILL Holdings with a Buy rating and a $43 price target on June 22, 2026. The firm views the company as a leading vendor of accounting management solutions for small businesses, including accounts payable, accounts receivable, and expense management. TD Cowen expects improving fundamentals and execution to drive multiple expansion and steadier upward momentum for the shares, overcoming muted investor sentiment after a 40% year-to-date decline. Earlier this month, Truist downgraded BILL Holdings from Buy to Hold with a $35 price target, citing AI-driven uncertainty making an acquisition less likely and core revenue growth expected to decline to low-teens next year amid intensifying competition.
Bill Com Holdings IncTD Cowen initiated coverage with Buy rating and $43 price target, citing improving fundamentals and execution.
Truist Financial CorpTruist downgraded BILL Holdings from Buy to Hold with $35 price target, but the news is about Truist's analyst action, not Truist Financial itself.