10 Most Profitable Software Stocks to Buy Right Now

7. PTC Inc. (NASDAQ:PTC)

Net Income (TTM): $1.25 billion

Number of Hedge Fund holdings: 42

As of June 30, PTC Inc. (NASDAQ:PTC) has a Buy rating from 61% of the analysts covering the stock, with a one-year median price target of $180, implying an upside potential of approximately 58%. Among those holding a balanced view is BNP Paribas. The firm started coverage on the company with a Neutral rating and a price target of $130 on June 18.

Back on June 11, PTC Inc. (NASDAQ:PTC) launched the PTC Orbit, a cloud-native asset intelligence solution that aims to connect the product as designed and the asset as maintained. The product uses AI to make asset information more accessible and actionable by joining PLM, ERP, CRM, IoT, EAM, and FSM systems into a single asset record.

“Asset data fragmentation is one of the most persistent barriers to operational efficiency in manufacturing,” said Eric Kaese, Field Service Management Lead, Deloitte. “With products like PTC Orbit, organizations have the opportunity to deepen capabilities, moving them from reactive decision‑making entities to more scalable, insight‑led operations.”

Although PTC Inc. (NASDAQ:PTC) has negative returns, the company’s strong financial metrics help offset the impact. With a profit margin of 41.57% and quarterly earnings growth (yoy) of 263.20%, PTC is one of the most profitable software stocks to buy right now.

PTC Inc. (NASDAQ:PTC) is a Massachusetts-based software company. Incorporated in 1985, the company provides a product development lifecycle management solution, an Industrial Internet of Things software, and a service lifecycle management solution.