Grand View Research reported that the global enterprise software market size was estimated at $263.79 billion in 2024 and is projected to reach $517.26 billion by 2030, given that it grows at an expected compound annual growth rate of 12.1% from 2025 to 2030. The increasing preference for automated and integrated solutions is driving the growth of this market. The demand for enterprise software solutions continues to rise as more organizations look for reliable software to reduce reliance on human resources, automate routine tasks, and minimize manual errors.
North America held the dominant position in the market, accounting for a share of over 41% in 2024. The US enterprise software market specifically is predicted to grow at a significant CAGR of 11.6% from 2025 to 2030. However, the Asia Pacific region is slated to be the fastest-growing market, projected to expand at an even higher CAGR of 13.7% from 2025 to 2030. In terms of market segments, the cloud deployment model was the most popular, which accounted for the largest market share of over 55% in 2024. Regarding the size of enterprises, the large enterprise segment held the largest market share, with over 62% in 2024. Enterprise software is crucial across diverse industries, including BFSI, healthcare, retail, manufacturing, government, and education.
In an investor note posted earlier on July 14, Morgan Stanley analysts projected an acceleration in spending on front office software in 2025. The positive outlook was attributed to a combination of waning cyclical headwinds and the increasing interest enterprises are showing in GenAI. The bank’s 2Q25 CIO Survey indicated that overall software budgets are stable, but spending intentions for the front office have notably ticked up.
That being said, we’re here with a list of the 13 best enterprise software stocks to buy according to analysts.
Methodology
We sifted through ETFs and financial media reports to compile a list of the top enterprise software stocks. We then selected the 13 stocks with an upside potential of over 25% as of September 18. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q2 2025, which was sourced from Insider Monkey’s database.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13 Best Enterprise Software Stocks to Buy According to Analysts
13. Adobe Inc. (NASDAQ:ADBE)
Number of Hedge Fund Holders: 104
Average Upside Potential as of September 18: 25.18%
Adobe Inc. (NASDAQ:ADBE) is one of the best enterprise software stocks to buy according to analysts. On September 12, Piper Sandler lowered the firm’s price target on Adobe to $470 from $500, while keeping an Overweight rating on the shares. Piper Sandler cited lower growth assumptions based on AI uncertainty, although the firm did acknowledge that new product momentum across Firefly, AI Assistant, Express, and GenStudio contributed to a solid Q3 2025.
This sentiment followed the company’s Q3 2025 earnings report, which was also announced on the same day. Adobe announced a record total revenue of $5.99 billion, which marked a 10% year-over-year growth. The company also achieved a record cash flow from operations for Q3, which totaled $2.20 billion.
The Digital Media segment in particular generated revenue of $4.46 billion, which was up 11% year-over-year due to the demand for its AI-infused offerings. The Digital Media ARR reached $18.59 billion, growing 11.7%. The Digital Experience segment reported revenue of $1.48 billion, which was a 9% increase. Indicating strong adoption and integration of AI across its products, Adobe’s AI-influenced ARR surpassed $5 billion.
Adobe Inc. (NASDAQ:ADBE) is a technology company that offers products & services that enable individuals, teams, and enterprises to create, publish, and promote content. It also has a subscription service for using its creative products and applications integrated with cloud-delivered services.
12. Monday.com Ltd. (NASDAQ:MNDY)
Number of Hedge Fund Holders: 67
Average Upside Potential as of September 18: 27.80%
Monday.com Ltd. (NASDAQ:MNDY) is one of the best enterprise software stocks to buy according to analysts. On September 18, Piper Sandler lowered the firm’s price target on Monday.com to $275 from $300, while keeping an Overweight rating on the shares. Monday.com remains one of the firm’s top growth stocks on its coverage list.
Earlier for Q2 2025, Monday.com reported a total revenue of $299 million, which showed a strong year-over-year growth of 27%. The company’s Net Income for Q2 was $58.3 million, which translated to a Diluted Net Income Per Share of $1.09 based on 53.3 million shares. The company also showed significant positive momentum, particularly in its upmarket strategy and product adoption.
The enterprise segment was highlighted as the fastest-growing segment and achieved a record number of net new customers paying over $100K annually. Furthermore, the company’s multi-product strategy saw the Monday CRM platform reach $100 million in ARR. Customer adoption of AI capabilities accelerated, with users performing 46 million AI-driven actions since the feature’s launch.
Monday.com Ltd. (NASDAQ:MNDY) develops software applications in the US, Europe, the Middle East, Africa, the UK, and internationally. The company provides Work Operating System, which is a cloud-based visual work OS used to create software applications and work management tools.
11. Q2 Holdings Inc. (NYSE:QTWO)
Number of Hedge Fund Holders: 29
Average Upside Potential as of September 18: 30.58%
Q2 Holdings Inc. (NYSE:QTWO) is one of the best enterprise software stocks to buy according to analysts. On September 4, Q2 Holdings announced the first-year results of its AI-driven Enhanced Payee Match technology. This enhancement was launched in June 2024 and is an upgraded capability that uses ML models to improve the detection and prevention of check fraud within the company’s Centrix Exact/Transaction Management System/ETMS solution for Positive Pay.
The AI fraud technology enhancement has shown proven success for Q2 customers in its first year. Financial institutions utilizing Enhanced Payee Match have detected an average of 3x more suspected fraud for accounts protected by the feature compared to accounts where the feature was not enabled.
Enhanced Payee Match uses ML to power both typed and hand-written check reading capabilities, allowing it to accurately detect more sophisticated fraud techniques. Beyond detecting more suspected fraud, the feature streamlines the acceptance or rejection process for account holders by allowing quicker reviews and offering more detailed information on why transactions were accepted or declined.
Q2 Holdings Inc. (NYSE:QTWO) provides digital solutions to financial institutions, financial technology companies, FinTechs, and alternative finance companies/Alt-FIs in the US.
10. Dynatrace Inc. (NYSE:DT)
Number of Hedge Fund Holders: 40
Average Upside Potential as of September 18: 31.69%
Dynatrace Inc. (NYSE:DT) is one of the best enterprise software stocks to buy according to analysts. On September 16, Dynatrace announced its participation in the launch of the GitHub Model Context Protocol/MCP Registry. The GitHub MCP Registry is a curated directory designed to help developers quickly discover and integrate AI-ready services.
By joining this registry, Dynatrace strengthens its support for open, modern cloud ecosystems and deepens its strategic partnership with GitHub. The core goal is to accelerate developer innovation by seamlessly integrating Dynatrace’s real-time observability and intelligent automation directly into the developer workflow without disruption.
This integration will allow developers to access real-time insights into application performance, security, and reliability within their existing integrated development environments/IDEs. This capability is intended to boost productivity, enable developers to detect issues earlier, resolve them faster, and ultimately innovate with greater confidence.
Dynatrace Inc. (NYSE:DT) engages in the advancement of observability for digital businesses, which transforms the complexity of modern digital ecosystems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.
9. HubSpot Inc. (NYSE:HUBS)
Number of Hedge Fund Holders: 56
Average Upside Potential as of September 18: 32.33%
HubSpot Inc. (NYSE:HUBS) is one of the best enterprise software stocks to buy according to analysts. On September 4, HubSpot announced an expanded app partnership with Talkdesk Inc., which includes new investments by Talkdesk in the HubSpot App Partner Program. The collaboration brings an advanced contact center integration to the HubSpot platform via the HubSpot App Marketplace.
The expanded partnership offers sales and service teams a unified workspace within HubSpot, the customer platform for scaling companies, which connects every customer interaction, insight, and workflow. The Talkdesk app, powered by Talkdesk Customer Experience Automation/CXA and offering industry-leading AI and omnichannel capabilities, is designed to combat inefficiencies like toggling between disconnected systems, duplicated data entry, and slow response times.
Within HubSpot, the integration allows teams to: automatically log activity for calls, SMS, WhatsApp, and IVR activity in HubSpot activity feeds; connect conversations by associating customer interactions with relevant HubSpot objects; create proactive customer experiences by automating follow-ups and workflows based on rich call metadata and custom fields; and gain full visibility by accessing Talkdesk Conversations, AI Copilot, and CX Analytics dashboards directly inside the HubSpot workspace.
HubSpot Inc. (NYSE:HUBS) provides a cloud-based customer relationship management/CRM platform for businesses in the Americas, Europe, and the Asia Pacific.
8. Braze Inc. (NASDAQ:BRZE)
Number of Hedge Fund Holders: 32
Average Upside Potential as of September 18: 32.76%
Braze Inc. (NASDAQ:BRZE) is one of the best enterprise software stocks to buy according to analysts. On September 7, Goldman Sachs raised the firm’s price target on Braze to $52 from $50, while keeping a Buy rating on the shares after its FQ2 2026 earnings beat this week. The company reported $180 million in revenue, which marked a 24% year-over-year increase.
Braze’s committed ARR surpassed 700 million, which showed sustained demand for its customer engagement platform. Operationally, the company achieved its third consecutive quarter of positive non-GAAP operating income and free cash flow. A notable strategic move was the integration of the OfferFit acquisition, which is an AI decisioning platform that has already contributed to new business wins across all major geographic regions.
However, the company also reported limited expansionary investments from customers, along with ongoing deal cycle drags and switching costs. Additionally, while the OfferFit acquisition is strategically beneficial, it initially hurt operating income. The company is actively pursuing synergies to ensure successful integration and profitability from the acquisition.
Braze Inc. (NASDAQ:BRZE) operates a customer engagement platform that provides interactions between consumers and brands worldwide.
7. Salesforce Inc. (NYSE:CRM)
Number of Hedge Fund Holders: 121
Average Upside Potential as of September 18: 35.09%
Salesforce Inc. (NYSE:CRM) is one of the best enterprise software stocks to buy according to analysts. On September 9, Make-A-Wish America announced a new national partnership with Salesforce to bring hope and joy to children battling critical illnesses. Salesforce will serve as the official matching gift partner for Childhood Cancer Awareness Month/CCAM this September to inspire donations to support communities nationwide.
The partnership involves a significant financial commitment from Salesforce, which will contribute $1 million annually for the next 3 years. This funding is intended to help grant life-changing wishes for children and their families, expanding outreach and supporting Make-A-Wish’s goal to reach every eligible child.
The partnership focuses heavily on Childhood Cancer Awareness Month in September, a time dedicated to recognizing the impact of cancer on children. ~15,000 new cases of childhood cancer are diagnosed annually, and cancer is the leading qualifying condition for Make-A-Wish children in the US. Salesforce has pledged to match all donations made throughout this month to ensure more children can experience a wish, which can be a turning point in their treatment and recovery.
Salesforce Inc. (NYSE:CRM) provides customer relationship management/CRM technology that connects companies and customers worldwide.
6. Freshworks Inc. (NASDAQ:FRSH)
Number of Hedge Fund Holders: 35
Average Upside Potential as of September 18: 44.27%
Freshworks Inc. (NASDAQ:FRSH) is one of the best enterprise software stocks to buy according to analysts. On September 15, Baird lowered the firm’s price target on Freshworks to $16 from $18, while keeping a Neutral rating on the shares. This sentiment was posted ahead of the company’s Q3 2025 earnings report.
Freshworks’ revenue reached $204.7 million in Q2 2025, which was an 18% year-over-year increase. Profitability metrics also saw significant improvement, with the non-GAAP operating margin expanding to 22% and the adjusted free cash flow margin standing at a robust 27%. The company ended the quarter with ~$926 million in cash, cash equivalents, and marketable securities.
The company’s two main segments showed solid growth, particularly the Employee Experience/EX business, which achieved over $450 million in ARR, which was a 24% year-over-year increase. The Customer Experience/CX business’s ARR exceeded $380 million, which grew 11%. The customer base grew to over 74.6K, including major new customers like Seagate and AEP Energy. Customers contributing over $5,000 in ARR totaled 23,975, which was a 10% growth.
Freshworks Inc. (NASDAQ:FRSH) is a software development company that provides SaaS products in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.
5. DoubleVerify Holdings Inc. (NYSE:DV)
Number of Hedge Fund Holders: 43
Average Upside Potential as of September 18: 44.76%
DoubleVerify Holdings Inc. (NYSE:DV) is one of the best enterprise software stocks to buy according to analysts. On September 15, DoubleVerify announced an evolution of its senior commercial management team and the expansion of its leadership ranks. Current Global Chief Commercial Officer Julie Eddleman notified DoubleVerify of her intent to retire and will step down from her executive leadership role, effective December 31 this year.
Following her retirement from the executive role, Eddleman will continue to support DoubleVerify as a Senior Advisor through 2026. She commented that her 5-year tenure was fulfilling and that she is happy to transition, knowing the commercial team is ready for continued success, citing DoubleVerify’s expansion and dominance in growth areas like Social, CTV, and AI optimization during her time.
Steve Mougis is DoubleVerify’s current Chief Growth Officer but will assume the role of Global Chief Commercial Officer starting January 1, 2026. He will be reporting directly to CEO Mark Zagorski. Gian LaVecchia will assume the role of Chief Revenue Officer, reporting to Steve Mougis. Furthermore, DV has made a new hire, appointing Joris Stevens as SVP, Global Account Management, also reporting to Steve Mougis.
DoubleVerify Holdings Inc. (NYSE:DV) provides media effectiveness platforms in the US and internationally. The company provides data analytics that enable advertisers to increase the effectiveness, quality, and return on digital advertising investments.
4. Atlassian Corporation (NASDAQ:TEAM)
Number of Hedge Fund Holders: 67
Average Upside Potential as of September 18: 47.38%
Atlassian Corporation (NASDAQ:TEAM) is one of the best enterprise software stocks to buy according to analysts. On September 18, Atlassian Corporation announced the appointment of Jason Warner to its Board of Directors, effective October 1. Jason Warner is the co-founder and co-Chief Executive Officer of poolside, which is a frontier AI lab focused on building its own foundation models to achieve AGI.
Atlassian CEO and co-founder Mike Cannon-Brookes highlighted Warner’s expertise at the intersection of technology, leadership, and growth, and noted that as a founder of a next-gen AI company, Warner brings valuable knowledge on how AI is transforming product design, accelerating software development, and reshaping market strategies.
His company, poolside, takes a unique approach to enterprise AI by bringing large-scale AI models directly into customers’ sensitive environments, thereby eliminating the need for data to leave organizational boundaries. Before founding poolside, Warner served as the Managing Director on the growth team at Redpoint Ventures from 2021 to 2023. Before that, he was the CTO of GitHub for 4 years.
Atlassian Corporation (NASDAQ:TEAM) provides collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide.
3. Duolingo Inc. (NASDAQ:DUOL)
Number of Hedge Fund Holders: 55
Average Upside Potential as of September 18: 58.80%
Duolingo Inc. (NASDAQ:DUOL) is one of the best enterprise software stocks to buy according to analysts. On September 17, Citi analyst Ygal Arounian lowered the firm’s price target on Duolingo to $375 from $400, while keeping a Buy rating on the shares after attending Duocon 2025. Citi believes that Duolingo’s product announcements this year had a lower profile relative to the past. However, the company continues to improve its platform, which should help drive engagement.
At this annual Duocon event, which was held recently on September 17, Duolingo showcased advancements that show its expanding potential beyond its core language learning platform. For instance, the Duolingo Chess course was launched in June 2025 on iOS and has gained remarkable traction and surpassed the usage of both Math and Music in less than a month for users with access.
The Chess course now reports millions of daily learners, is expanding to the full Android platform, and will be available in 6 additional languages. For Q2 2025, Duolingo reported that its sales increased to $252 million and net income reached ~$45 million.
Duolingo Inc. (NASDAQ:DUOL) operates as a mobile learning platform in the US, the UK, and internationally. The company offers courses in 40 different languages.
2. Clearwater Analytics Holdings Inc. (NYSE:CWAN)
Number of Hedge Fund Holders: 51
Average Upside Potential as of September 18: 63.13%
Clearwater Analytics Holdings Inc. (NYSE:CWAN) is one of the best enterprise software stocks to buy according to analysts. On September 16, Clearwater Analytics announced an expansion of its long-standing relationship with US Bank. The collaboration launches a new compliance solution from CWAN as a standalone option for government clients, which provides a streamlined way to enhance oversight, ensure reporting accuracy, and meet regulatory requirements.
The new solution combines US Bank’s custodial expertise and securities processing excellence with Clearwater Analytics’ automated analytics to help government institutions fulfill their regulatory obligations more efficiently.
The Clearwater Analytics compliance solution specifically offers: accurate, automated compliance testing against client-defined rules; direct integration with US Bank custody data feeds for efficiency; audit-ready dashboards and reports to simplify oversight; and flexible, modular pricing tailored for government budgets.
Clearwater Analytics Holdings Inc. (NYSE:CWAN) develops and provides a SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting services to insurers, investment managers, corporations, institutional investors, and government entities internationally.
1. Alight Inc. (NYSE:ALIT)
Number of Hedge Fund Holders: 30
Average Upside Potential as of September 18: 104.68%
Alight Inc. (NYSE:ALIT) is one of the best enterprise software stocks to buy according to analysts. On September 17, Alight announced the addition of Sword Health, which is a musculoskeletal/MSK and mental health AI care platform, to its Alight Partner Network. The partnership is expected to provide employer cost savings and improve employee well-being through the Alight Worklife platform.
The integration of Sword Health into the Alight Worklife platform will give employees tools to address personalized MSK and mental health needs, simultaneously helping employers drive both savings and improved outcomes for their employee populations.
Sword Health’s AI care platform delivers always-on, clinical-grade care. Its MSK platform offers three specialized care delivery solutions: Thrive for chronic pain care; Move for pain prevention and injury avoidance; and Bloom for pelvic health care for women in every life stage. Sword Health also addresses behavioral health with Mind, which provides mental health care through AI-therapy led by licensed Psychologists and enhanced by biometric data.
Alight Inc. (NYSE:ALIT) is a technology-enabled services company with worldwide operations. The company provides Alight Worklife, which is an intuitive, cloud-based employee engagement platform.
While we acknowledge the potential of ALIT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALIT and that has 100x upside potential, check out our report about the cheapest AI stock.
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Disclosure: None.
