BILL Holdings, Inc. (NYSE:BILL) is one of the best M&A target stocks to buy now.
BILL Holdings, Inc. (NYSE:BILL) remains a credible M&A target because its takeover angle is tied to both activist pressure and reported private-equity interest. Reuters noted on May 7 that BILL had been exploring a sale under pressure from activist investors such as Elliott Investment Management, which had built a large stake in the company. The sale exploration had originally been reported in November 2025, while BILL’s shares later jumped in February 2026 on reports that Hellman & Friedman was in talks to buy the company. Reuters had also reported in September 2025 that Elliott owned roughly 5% of BILL, while Starboard Value had built an 8.5% stake and nominated four directors, intensifying pressure on the financial-automation software company.
The company is also trying to improve profitability, which can make the asset easier for financial buyers to underwrite. On May 7, BILL reported fiscal third-quarter 2026 revenue of $406.6 million, up 13% year over year, while core revenue rose 16% to $371.1 million. The company also announced a $1 billion share repurchase authorization and said it was cutting about 30% of its workforce to improve efficiency.
BILL Holdings, Inc. (NYSE:BILL) provides cloud-based financial operations software for small and midsize businesses, including accounts payable, accounts receivable, spend management, payments, and related automation tools.
While we acknowledge the potential of BILL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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