1 Magnificent Software Stock Down 10% to Buy and Hold Forever
Industrial software stock PTC (NASDAQ: PTC) is the sort of company investors should consider buying into on a dip. The company's recent third-quarter results, for the period ended June 30, and commentary on its fiscal 2025 were impressive in the current environment, and this company's long-term growth is only starting. Here's why PTC is a great stock for long-term holders.
PTC's software solutions help customers digitally transform their operations. From initial conception using computer-aided design (CAD) through to product lifecycle management (PLM) utilizing Internet-of-Things (IoT) solutions such as digital twins or augmented reality (AR) to enhance productivity, PTC's solutions are there to improve outcomes.
PTC's solutions operate as part of a so-called "digital loop," which continuously flows data into the loop so that a company can iteratively improve its operations. A real-world example could come from a company discovering that it can significantly reduce production costs (using PTC's PLM software) if a product is redesigned (using CAD) in a certain way.
Source Fool.com
