Truist Raises Target on BILL Holdings (BILL), Keeps Buy Rating

Core Insights - BILL Holdings, Inc. is recognized as one of the 10 Best Stocks to Buy according to Elliott Investment Management [1] - Truist has raised its price target for BILL Holdings from $58 to $59 while maintaining a Buy rating, reflecting updated financial models for payment firms [2] - The company reported second-quarter 2026 earnings with core revenue of $375 million, marking a 17% year-over-year increase and an 18% non-GAAP operating margin [3] Company Overview - Founded in 2006, BILL Holdings, Inc. is a leading financial operations platform that automates back-office processes for small and midsize businesses, headquartered in California [4] Financial Performance - The company achieved a core revenue of $375 million in Q2 2026, representing a 17% increase compared to the previous year [3] - BILL Holdings reported an 18% non-GAAP operating margin, indicating strong profitability [3] - Management anticipates a slight decrease in net new customer additions as the focus shifts to larger businesses [3]