In this article, we will discuss the 10 Best Enterprise Software Stocks to Buy Right Now.
On May 2, Tom Lee, Fundstrat’s Head of Research, appeared on CNBC to discuss the market’s recent coiled springback, asserting that the current rise is driven by abating tail risks and strong fundamental data. He highlighted that corporate earnings have been so robust that estimates are being revised upward. Lee noted that market leadership is coming from the specific groups investors want to see in a resilient economy: the Mag 7, technology, and cyclicals. Consequently, he maintained his base case for the S&P 500 to move toward 7,300 and has officially raised software (specifically the IGV ETF) to a top-pick sector alongside Mag 7 and cryptocurrency.
While April projections set earnings growth at 14.1%, the market is currently clocking a rate of 28%. Lee explained that the market is essentially feasting on these earnings, allowing it to look past issues in the oil complex, geopolitical conflicts, and occasional interest rate hikes. He described a significant margin story where every dollar of revenue upside is delivering substantial earnings growth, which he attributed to increased productivity and a rising return on investment in the US economy, a phenomenon he views as a direct positive payoff from AI integration.
Regarding concerns that the market is becoming overbought, evidenced by the NASDAQ jumping 15% in a single month and narrowing market breadth, Lee offered a structural explanation. He reconciled the fact that the median S&P constituent remains 13% below its high by characterizing the environment as a series of rolling bear markets. He pointed out that the Mag 7 and software stocks peaked and bottomed earlier than the broader market, making their current leadership textbook behavior. He expects market breadth to eventually follow this lead rather than signaling an immediate drawdown risk.
Our Methodology
We used screeners and financial media reports to identify enterprise software stocks, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2025.
Note: All data was sourced on May 4.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Best Enterprise Software Stocks to Buy Right Now
10. Q2 Holdings Inc. (NYSE:QTWO)
Number of Hedge Fund Holders: 33
Q2 Holdings Inc. (NYSE:QTWO) is one of the best enterprise software stocks to buy right now. On April 29, Q2 Holdings reported $216.5 million in revenue for Q1 2026, marking a 14 percent year-over-year increase. GAAP net income rose to $26.6 million, compared to $4.8 million in the prior-year quarter, while adjusted EBITDA reached $60 million. Subscription annualized recurring revenue grew to $802.3 million, and the company ended the quarter with a total committed backlog of ~$2.7 billion.
The company achieved record first-quarter bookings, including nine Enterprise and Tier 1 contracts and its largest-ever fraud deal. Notable activity included a major expansion linked to the Synovus and Pinnacle Financial Partners merger. During the quarter, Q2 Holdings also focused on capital allocation by repurchasing roughly 1.8 million shares of common stock for $97.2 million, leaving $47.8 million remaining under its current authorization.
Looking ahead, Q2 Holdings Inc. updated its full-year 2026 guidance, projecting total revenue between $875 million and $882 million and adjusted EBITDA between $237 million and $242 million. For Q2 2026, the company expects revenue of $214 million to $218 million. Management remains focused on advancing its AI strategy across digital banking and fraud prevention to drive continued operational efficiency and long-term value.
Q2 Holdings Inc. provides digital solutions. The company offers its solutions to financial technology companies, alternative finance companies (Alt-FIs), financial institutions, and FinTechs across the US. It also provides a Digital Banking Platform and risk and fraud solutions.
9. Tyler Technologies Inc. (NYSE:TYL)
Number of Hedge Fund Holders: 40
Tyler Technologies Inc. (NYSE:TYL) is one of the best enterprise software stocks to buy right now. On April 29, Tyler Technologies reported record-breaking Q1 2026 results, with total revenues rising 8.6% to $613.5 million. This growth was driven by a 10.4% increase in recurring revenues, which now account for ~88% of the company’s total top line. Notably, SaaS revenues surged 23.5% to $222.4 million, marking the 21st consecutive quarter of growth exceeding 20% in this segment.
Profitability and cash flow showed significant strength, as adjusted EBITDA reached $177.3 million and non-GAAP diluted EPS grew to $3.09. Free cash flow more than doubled compared to the prior-year period, hitting $102.8 million. The company utilized its strong liquidity to manage capital effectively, repaying $600 million in maturing convertible debt and executing $250 million in share repurchases during the quarter.
Strategically, Tyler Technologies Inc. expanded its Justice portfolio through the $223 million acquisition of For The Record in April, adding AI-powered transcription and speech-to-text capabilities. Following these results, the company provided full-year 2026 guidance, projecting total revenues between $2.535 billion and $2.575 billion. Management expressed confidence in its trajectory toward 2030 goals, supported by healthy public sector demand and ongoing cloud efficiency gains.
Tyler Technologies Inc. provides software and technology management solutions and serves the public sector. The company operates through the Platform Technologies and Enterprise Software segments.
8. Zoom Communications Inc. (NASDAQ:ZM)
Number of Hedge Fund Holders: 57
Zoom Communications Inc. (NASDAQ:ZM) is one of the best enterprise software stocks to buy right now. On April 15, Zoom Communications appointed Russell Dicker as its new Chief Product Officer to spearhead the company’s transition toward an AI-first system of action. Dicker, who officially assumed the role on March 30, is tasked with overseeing the global product organization and integrating ML across the portfolio. His primary focus involves using AI to automate manual follow-through and transform digital conversations into completed workflows.
With over 25 years of experience in scaling global platforms, Dicker joins Zoom Communications following a tenure as Corporate Vice President at Microsoft, where he led product and data science for Microsoft Teams. His professional background also includes high-level leadership roles at Google Maps and Amazon. A prolific innovator, he holds 27 patents and earned his degree in economics and management from Carnegie Mellon University.
Reporting to the President of Product and Engineering, Velchamy Sankarlingam, Dicker is expected to drive innovation that reduces work fragmentation. By embedding AI directly into the platform, Zoom Communications Inc. aims to provide outcome-driven experiences that simplify how tasks are executed. This hire underscores the company’s commitment to evolving beyond a traditional collaboration tool into a comprehensive context-aware automation platform.
Zoom Communications Inc. provides an AI-first collaboration platform including video, voice, and chat services. The California-based company empowers modern hybrid work by offering seamless communication and collaboration capabilities to global enterprises and individuals.
7. CrowdStrike Holdings Inc. (NASDAQ:CRWD)
Number of Hedge Fund Holders: 67
CrowdStrike Holdings Inc. (NASDAQ:CRWD) is one of the best enterprise software stocks to buy right now. On April 30, CrowdStrike announced the integration of Anthropic’s Claude Opus 4.7 across its Falcon platform to enhance AI-driven vulnerability discovery and remediation. As a participant in Anthropic’s Cyber Verification Program, CrowdStrike will use this frontier AI model to scan codebases and generate targeted patches for global customers.
This initiative is being operationalized through Project QuiltWorks, a company coalition designed to secure AI adoption and provide a structured framework for enterprise-grade protection and reporting. The integration spans several key Falcon capabilities, including Falcon Exposure Management for risk-rated vulnerability loops and Charlotte Agentic SOAR, which brings advanced AI reasoning into security workflows.
Additionally, through Charlotte AI AgentWorks, enterprises can build custom security agents powered by Opus 4.7 while maintaining strict governance within the Falcon platform. These updates are intended to help organizations manage the increasing security demands associated with rapid AI deployment. By using a multi-AI architecture, CrowdStrike Holdings Inc. aims to turn frontier model capabilities into functional enterprise programs supported by a network of over 10,000 certified professionals.
CrowdStrike Holdings Inc. is a technology company that offers cybersecurity solutions through its unified platform and a SaaS subscription-based model.
6. Workday Inc. (NASDAQ:WDAY)
Number of Hedge Fund Holders: 70
Workday Inc. (NASDAQ:WDAY) is one of the best enterprise software stocks to buy right now. On April 28, Workday Government introduced a new Personnel Action Request/PAR Agent designed to modernize federal HR operations and accelerate critical transactions. The agent automates routine tasks such as hiring, promotions, and pay changes, which traditionally rely on fragmented, paper-based systems.
By integrating real-time visibility and automated data validation, the tool aims to reduce PAR cycle times by up to 60%, potentially cutting processing periods from several weeks to as few as nine days. Beyond speed, the PAR Agent focuses on improving accuracy and fiscal stewardship by proactively catching errors and ensuring compliance with US Office of Personnel Management/OPM requirements.
For high-volume agencies, this automation could save thousands of labor hours and millions of dollars annually by reducing manual payroll corrections and improving audit readiness. The system is built on Workday Inc.’s (NASDAQ:WDAY) AI foundation, ensuring that all actions remain permission-aware and tied to a single, auditable source of truth.
Workday Inc. provides cloud-based enterprise software focused on human capital management, financial management, and planning solutions. Its platform enables organizations to manage payroll, workforce planning, accounting, and analytics.
5. Twilio Inc. (NYSE:TWLO)
Number of Hedge Fund Holders: 70
Twilio Inc. (NYSE:TWLO) is one of the best enterprise software stocks to buy right now. On April 30, Twilio reported a significant milestone in Q1 2026, with revenue reaching $1.41 billion, a 20% increase year-over-year. This performance represents the company’s highest revenue and gross profit growth rates in over 3 years, with organic revenue growing 16%. GAAP income from operations saw a rise to $107.7 million, while non-GAAP income from operations grew 31% to $278.9 million.
The company’s dollar-based net expansion rate improved to 114%, up from 107% in the previous year, reflecting stronger customer retention and growth. Twilio also continued its aggressive capital return strategy, repurchasing $253.4 million of its common stock during the quarter. To date, the company has utilized ~$1.1 billion of its $2.0 billion share repurchase authorization initiated in early 2025.
Following the strong start to the year, Twilio Inc. raised its full-year 2026 guidance. The company now expects reported revenue growth of 14% to 15% and has increased its non-GAAP income from operations and free cash flow projections to a range of $1.08 to $1.10 billion. For Q2, Twilio anticipates revenue between $1.42 and $1.43 billion as it continues to position itself as a foundational infrastructure layer for AI-driven customer engagement.
Twilio Inc. is a leading cloud communications platform-as-a-service/CPaaS company.
4. Autodesk Inc. (NASDAQ:ADSK)
Number of Hedge Fund Holders: 81
Autodesk Inc. (NASDAQ:ADSK) is one of the best enterprise software stocks to buy right now. On March 31, Autodesk closed its acquisition of Rhumbix, a construction technology company specializing in real-time jobsite data capture. The move aims to bridge the persistent gap between field activity and backward-looking financial reporting, which often causes cost overruns and margin erosion.
By integrating Rhumbix’s platform, Autodesk intends to provide contractors with immediate visibility into labor tracking, equipment usage, and time-and-materials work as it happens. The Rhumbix platform is designed to replace manual, paper-based processes with digital workflows that feed directly into payroll, project controls, and financial reporting.
This connection allows project managers to move from reactive to proactive management, identifying risks and forecasting costs with higher accuracy. The system has seen significant adoption among self-performing general contractors and specialty trades who require reliable, high-quality data from the field to ensure predictable project results. This acquisition builds on a long-standing partnership where Autodesk Inc. previously served as both an investor and integration partner.
Autodesk Inc. designs software and related services, known for products such as AutoCAD, BIM Collaborate Pro, Revit, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Shotgun, and 3ds Max.
3. Adobe Inc (NASDAQ:ADBE)
Number of Hedge Fund Holders: 91
Adobe Inc (NASDAQ:ADBE) is one of the best enterprise software stocks to buy right now. On April 28, Adobe finalized its acquisition of Semrush Holdings, a strategic move aimed at supporting its “Adobe CX Enterprise” agentic AI system. By integrating Semrush’s brand visibility and search intelligence with Adobe’s customer experience tools, the company aims to help businesses navigate the shift toward AI-driven discovery.
The acquisition addresses a growing need for organizations to optimize their presence not just for traditional search engines, but also for GenAI interfaces and automated agents. The partnership expands Adobe’s capabilities in SEO, GEO, and ASO. This integration will allow marketers to connect discoverability intelligence directly with content creation and customer engagement platforms like Adobe Experience Manager and Adobe Commerce. The goal is to ensure brands remain visible and trusted as consumers increasingly rely on LLMs to guide their purchasing decisions.
Semrush will see continued investment and an expanded product roadmap under Adobe Inc. Leadership from both companies emphasized that the rules of commerce are being rewritten by AI, requiring a unified system that manages the full consumer journey from initial discovery to final conversion. This deal positions Adobe to provide a comprehensive enterprise solution for brand visibility in an increasingly conversational and agentic digital landscape.
Adobe Inc provides multimedia and digital marketing software such as Photoshop, Illustrator, and InDesign, among others. It also offers AI products such as Adobe FireFly and Adobe Sensei.
2. Salesforce Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 115
Salesforce Inc. (NYSE:CRM) is one of the best enterprise software stocks to buy right now. On April 29, Salesforce launched Agentforce Operations, a new suite of specialized AI agents designed to eliminate back-office bottlenecks by automating complex, cross-system tasks. Unlike traditional workflow tools that merely route handoffs between people, these agents autonomously execute work across disconnected platforms like email and ERP systems. The solution aims to reduce process cycle times by up to 70% and eliminate 80% of manual tasks, allowing employees to focus on higher-value work.
The platform introduces a new model for execution through “digital blueprints,” which can convert unstructured documents or diagrams into automated workflows in minutes. These agents are designed to be adaptive and transparent; business leaders can update processes using plain language, and every action taken by an AI agent is recorded to maintain a permanent, audit-ready trail. This ensures that mission-critical operations remain accurate and compliant even as regulations or business needs shift.
Agentforce Operations is already being applied across various sectors, including manufacturing fulfillment, bank underwriting, and insurance claims processing. By combining LLM reasoning with specific business rules, the agents proactively identify delays and suggest fixes before they impact the customer experience.
Salesforce Inc. is a global enterprise software company that provides CRM and cloud-based business applications across sales, service, marketing, commerce, and data analytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.
1. ServiceNow Inc. (NYSE:NOW)
Number of Hedge Fund Holders: 118
ServiceNow Inc. (NYSE:NOW) is one of the best enterprise software stocks to buy right now. On April 22, ServiceNow and Google Cloud expanded their partnership to launch interoperable AI agents designed for autonomous enterprise operations. By uniting Google’s Gemini Enterprise with the ServiceNow AI Platform through open protocols like the Model Context Protocol/MCP, the two companies are enabling an automated chain of action across IT, retail, and 5G networking systems.
This collaboration allows AI agents from both platforms to collaborate in real time, detecting and resolving complex technical issues before they impact the customer experience. Key solutions introduced include a 5G Autonomous Network Operations tool that uses self-healing technology to fix performance anomalies and a predictive maintenance system for retail.
In the retail sector, Google Cloud’s BigQuery identifies equipment telemetry signals that trigger autonomous ServiceNow Inc. workflows to triage issues and dispatch technicians without moving or duplicating data. These systems are managed through a unified “AI Control Tower,” providing a single governance plane that tracks agent behavior and data access across the entire enterprise environment.
ServiceNow Inc. provides cloud-based and AI-embedded end-to-end workflow automation solutions for enterprises.
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