5 Most Profitable Software Stocks to Buy Right Now

4. Palantir Technologies Inc. (NASDAQ:PLTR)

Net Income (TTM): $2.28 billion

Number of Hedge Fund holdings: 96

On June 24, Wedbush reiterated an Outperform rating and a price target of $230 on Palantir Technologies Inc. (NASDAQ:PLTR). In its analysis, the firm highlighted the company’s partnership with Zeta, which is focused on marketing infrastructure within the AI landscape. The collaboration will utilize Zeta’s AI-driven marketing cloud to help companies expand and retain their customer base.

According to Wedbush, Palantir Technologies Inc. (NASDAQ:PLTR) is a key player in enterprise AI development. The firm believes the technology and value provided by the company reveal capabilities that many have yet to fully understand.

Despite its negative one-year return, Palantir Technologies Inc. (NASDAQ:PLTR)’s growth metrics are exceptionally strong. The company has a solid profit margin of 43.67%, making it one of the most profitable software stocks to invest in. What’s even more impressive is the company’s quarterly earnings growth (yoy) of 306.70% and quarterly revenue growth (yoy) of 84.70%.

Palantir Technologies Inc. (NASDAQ:PLTR), incorporated in 2003, is a Florida-based software platform provider for the intelligence community, supporting counterterrorism investigations and operations.

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