Canadian Tech Stocks to Buy in 2025

Canada’s tech landscape is flourishing, and while giants like Shopify and Constellation Software often dominate the conversation, a number of mid-cap tech companies are quietly gaining momentum. These firms strike an ideal balance between stability and scalability, offering meaningful growth potential without the unpredictability often seen in startups. Among the Canadian Tech Stocks to Buy in 2025 are Kinaxis (TSX:KXS), OpenText (TSX:OTEX), and Docebo (TSX:DCBO). Each company brings a unique and innovative edge to the digital economy, delivering solutions that are becoming indispensable in today’s fast-evolving business environment.

Kinaxis: AI-Powered Supply Chain Innovation

Kinaxis continues to cement its role as a key player in supply chain management, offering powerful AI-driven tools through its RapidResponse platform. The company’s recent financials reflect solid momentum, with Software-as-a-Service (SaaS) revenue climbing 17% year-over-year to $81.9 million. Total quarterly revenue increased by 11% to reach $123.9 million, a testament to sustained market demand. Despite a net loss of $16.3 million, Kinaxis posted an adjusted EBITDA of $31.5 million—representing a healthy margin of 25.4%—showcasing the company’s strength in generating recurring revenue.

Over the past year, Kinaxis shares have traded between $132.93 and $190.17, and are currently hovering around $159.73. With global supply chains under continued pressure, more businesses are turning to AI-driven platforms to improve efficiency and resilience. Kinaxis is well-positioned to benefit from these trends, making it a standout name to watch in 2025.

OpenText: Strength in Enterprise Information Management

As one of the country’s leading enterprise software providers, OpenText is focused on transforming how organizations manage and protect their information. The company has delivered solid financial results, reporting $660.74 million in net income over the past 12 months and an EPS of $3.54. A robust operating margin of 23.05% signals operational efficiency and a strong bottom line. OpenText is also leaning heavily into AI integration and cloud expansion to strengthen its value proposition to enterprise clients.

Though the stock has experienced some price fluctuations—trading between $36.99 and $54.86 over the past year—it currently sits near the lower end of that range at $37.60. Macroeconomic headwinds have slowed growth somewhat, but OpenText’s focus on high-margin recurring revenue and digital transformation bodes well for its long-term trajectory.

Docebo: Rising Force in Corporate E-Learning

Docebo has emerged as a key player in the digital learning market, capitalizing on the shift toward remote training and online education. The company reported impressive financial growth in its latest quarter, with revenue increasing 16% year-over-year to $57.0 million. Gross profit also rose 16%, reaching $46.4 million and delivering a standout margin of 81.3%. Net income surged to $11.9 million, or $0.39 per share—up significantly from $3.2 million, or $0.10 per share, in the same period last year.

Docebo’s stock has seen considerable volatility, ranging from $40.30 to $75.08, and currently trades around $46.94. Still, strong adoption of its AI-enhanced learning management system by global enterprises highlights the company’s growth potential. With continued demand for scalable corporate training tools, Docebo is well-positioned to thrive in the years ahead.

Final Thoughts

As Canada’s tech sector continues to expand, the best Canadian Tech Stocks to Buy in 2025 will be the ones that are proving to deliver innovation, resilience, and growth. Investors seeking exposure to forward-thinking, AI-powered technologies in 2025 may find these names particularly compelling.