10 Best Industrial Automation Stocks to Buy for the Next Decade

3. PTC Inc. (NASDAQ:PTC)

Number of Hedge Fund Holders: 57

PTC Inc. (NASDAQ:PTC) is one of the Best Industrial Automation Stocks to Buy for the Next Decade. Oppenheimer has raised its price target on PTC Inc. (NASDAQ:PTC) to $190 from $170, maintaining an Outperform rating on the stock. The upward revision reflects improved market multiples and optimism surrounding PTC’s go-to-market (GTM) execution and AI integration plans.

Following a recent conversation with PTC’s management, Oppenheimer noted that the company’s current guidance appears appropriately calibrated to the broader macroeconomic environment. While PTC Inc. (NASDAQ:PTC) remains cautious amid global trade uncertainties, the firm sees a strong foundation for long-term growth.

Analysts pointed to steady customer retention, despite a slight uptick in churn. Pricing remains an area with potential upside, as the company adjusts its sales structure and strategy. Oppenheimer believes the ongoing GTM transition will ultimately improve sales productivity and customer acquisition efficiency. PTC has continued investing in its core digital thread technologies, including CAD, PLM, and IIoT platforms, which are increasingly enhanced by AI. These tools are critical for automating product development, manufacturing workflows, and real-time data analysis across industrial sectors.

With its customer base concentrated in engineering, automotive, and heavy industry, PTC is positioned to benefit from accelerating demand for smart manufacturing solutions and digital automation.

PTC powers industrial automation through software platforms that integrate CAD, IoT, and AI to streamline manufacturing, engineering, and product lifecycle management.