5 Cheap Stocks That Are About to Explode

4. PTC Inc. (NASDAQ:PTC)

Average Upside Potential: 58.44%

PTC Inc. (NASDAQ:PTC) is one of the cheap stocks that are about to explode. On May 28, PTC announced it has been named the Official Engine Design Software Partner of Toyota Racing Development (TRD USA). By using PTC’s Creo CAD and Windchill PLM solutions, TRD aims to enhance its engineering capabilities and accelerate the development of high-performance engines for its diverse motorsport programs, including NASCAR and off-road racing.

This partnership deepens a long-standing collaboration, enabling TRD to streamline its design-to-production process. PTC’s technology provides a robust data foundation, allowing the TRD engineering team to improve collaboration, reduce development complexity, and increase the speed at which race-ready engines are brought to market.

The agreement aligns with PTC Inc.’s (NASDAQ:PTC) vision for an intelligent product lifecycle, supporting TRD’s transition toward data-driven innovation. By using these digital tools, TRD continues to strengthen its technical infrastructure, ensuring its high-performance engines remain competitive across multiple generations of racing competitions.

PTC Inc. (NASDAQ:PTC) is a global software company headquartered in Boston, Massachusetts, and was founded in 1985. The company specializes in product lifecycle management/PLM, computer-aided design, and industrial IoT solutions.

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