Best Canadian AI Stocks to Buy Now

Three TSX-listed firms deeply involved in artificial intelligence are the best Canadian AI stocks to buy today.

Key Points
  • Kinaxis (TSX:KXS), Docebo (TSX:DCBO), and OpenText (TSX:OTEX) are top Canadian AI plays—covering AI‑infused supply‑chain orchestration, AI‑driven learning platforms, and enterprise information‑management—positioning them to benefit from rising AI investment in 2026.
  • Kinaxis ($4.8B) is scaling Maestro with a 150% YoY profit jump; Docebo ($870M) is launching RAG‑based generative AI with strong analyst upside; and OpenText ($11.5B) leverages Magellan with robust FCF and a ~3.27% dividend for income‑plus‑growth exposure.
  • 5 stocks our experts like better than [Docebo] >

Canada is positioned to be at the forefront of tech-driven growth in 2026. In addition to the federal government’s Pan-Canadian AI strategy, American tech titans, including Microsoft, plan to invest billions of dollars next year to expand the country’s artificial intelligence infrastructure.

Regarding investment opportunities, three TSX-listed companies deeply involved in the AI space are the best Canadian AI stocks to buy now.

The virtual button with the letters AI in a circle hovering above a keyboard, about to be clicked by a cursor.

Source: Getty Images

AI-Infused supply chain platform

Kinaxis’s (TSX: KXS) main offering is Maestro, an AI-powered, end-to-end supply chain orchestration platform. The $4.8 billion software company, through Maestro, leverages AI and Machine Learning (ML) to aid businesses in enhancing their supply chain efficiency while mitigating disruptions.

According to Bob Courteau, interim CEO at Kinaxis, the company’s AI-powered orchestration message was well received by new global brands and business partners. The recent launch of the initial Maestro Agents will create new revenue streams for Kinaxis.

The business thrives, as evidenced by the 150% year-over-year profit jump in Q3 2025 to US$16.8 million. At the quarter’s end, Courteau said, “We will be rolling out additional capabilities in the coming months, reflecting a strong AI product pipeline.” As of this writing, KXS trades at $174.59 per share. 

AI-driven learning platform

Docebo (TSX: DCBO) boasts an AI-powered Learning Management System (LMS) platform that aims to revolutionize employee training with automation, personalization, and streamlined content. DCBO trades at $30.20 per share. Market analysts recommend a buy rating, with a 12-month average price target of $49.78 (+65% potential upside).

In Q3 2025, total revenue and net income increased 11.2% and 23.2% year-over-year, respectively, to US$61.6 million and US$6.1 million. Its President and CEO, Alessio Artuffo, said, “Our business continues to show steady progress, supported by stronger systems integrator partnerships.” He also notes Docebo’s growing presence in the federal and State, Local, and Education (SLED) government contracting sector in the U.S.

The $870.4 million educational technology company is set to launch generative AI innovations using Retrieval Augmented Generation (RAG). RAG is an emerging technology in natural language processing.

Information management for AI  

OpenText (TSX: OTEX) excels in Enterprise Information Management (EIM) and data management. The $11.5 billion company developed OpenText Magellan. The flexible AI and analytics platform combines natural language processing and ML with advanced and predictive self-service analytics and business intelligence.

Magellan can handle massive amounts of structured and unstructured data, whether Big Data or Big Content. In Q1 fiscal 2026 (three months ending September 30, 2025), GAAP-based net income rose 73.8% to $147 million compared to Q1 fiscal 2025. Notably, free cash flow (FCF) reached $101 million during the quarter.

Its Executive Chairman and Chief Strategy Officer, P. Thomas Jenkins, said, “OpenText continues to advance its strategy to enhance shareholder value by growing revenue in its core Information Management for AI business.”

OTEX is a dividend payer. At $45.97 per share, the dividend yield is 3.3%. You can earn in two ways: dividend income and price appreciation.

Decisive advantage

Kinaxis, Docebo, and OpenText have built a decisive competitive advantage by integrating AI into their core business models. Given the AI exuberance and inflow of foreign and domestic capital, expect these tech stocks to outperform in 2026.

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Docebo, Kinaxis, and Microsoft. The Motley Fool has a disclosure policy.

More on Tech Stocks

space ship model takes off
Tech Stocks

Ottawa’s Defence Spending Boom: This Canadian Tech Stock is Already Cashing In

MDA has identifiable government and defence work, but its backlog and profit margins reveal more than the spending headlines.

Read more »

Printing canadian dollar bills on a print machine
Tech Stocks

I’d Keep Shopify for its 18% Free Cash Flow Margin

With an expanding 18% free cash flow margin and massive share buybacks, Shopify proves why it remains a top TSX…

Read more »

quantum computing is still in infancy
Tech Stocks

A Quantum Computing Stock Canadian Investors Can Buy Now

Looking for a quantum computing stock? D-Wave offers exposure to an emerging industry, with paying customers and plenty still to…

Read more »

ETF is short for exchange traded fund, a popular investment choice for Canadians
Tech Stocks

A Handful of Tech Giants Is Carrying Wall Street: Canadians Holding U.S. Index ETFs Should Know How Concentrated They Really Are

XQQ's top 10 holdings make up 46% of the fund. See how concentrated Canada's Nasdaq 100 ETF is and why…

Read more »

man makes the timeout gesture with his hands
Dividend Stocks

Why Dividend Cuts Happen and How to Spot the Warning Signs

Learn why dividend cuts happen and how to spot warning signs, using BCE and TELUS to examine cash flow, debt,…

Read more »

The letters AI glowing on a circuit board processor.
Tech Stocks

Nvidia Just Hit $5.8 Trillion: The Canadian Stock Riding the Same AI Wave

Celestica’s AI exposure is supported by operating results, while cash investment and valuation make the buying decision more demanding.

Read more »

man in bowtie poses with abacus
Tech Stocks

A Simple Way to Estimate Your Retirement Number

Here's how Canadian couples can calculate their retirement number in 2026.

Read more »

Thrilled women riding roller coaster at amusement park, enjoying fun outdoor activity.
Tech Stocks

Celestica Stock Has Been a Roller Coaster: What I’d Do With It Now

Despite near-term volatility risks, Celestica’s strong growth prospects could make it an attractive long-term investment for risk-tolerant investors.

Read more »