Top 5 big data stocks you need to buy in this month of February in the year 2023
In this article, we have discussed the top five big data stocks you need to buy in the month of February in the year 2023. Read to know more about them.
According to Fortune Business Insights, the global big data analytics market was valued at $240.56 billion in 2021 and is expected to grow at a compound annual growth rate of 13.4% from $271.83 billion in 2022 to $655.53 billion by 2029. The growing amount of data generated by social media platforms such as Facebook, Snapchat, WhatsApp, and Instagram results in massive databases and massive amounts of data that require big data technology to process. We have listed the top 5 big data stocks to buy in February 2023.
Teradata Corporation (NYSE:TDC) is a California-based provider of a multi-cloud data platform that is connected. Its business consulting services include assisting organisations in developing a data and analytics vision, as well as providing a value-added multi-cloud ecosystem architecture. The company reported that its public cloud annual recurring revenue increased 89% year on year to $279 million.
- Palantir Technologies Inc.
Palantir Technologies Inc. (NYSE: PLTR) is a Colorado-based company that develops and deploys software platforms for the United States intelligence community to aid in counterterrorism investigations and operations. Palantir Gotham is a software platform that allows users to identify patterns hidden deep within datasets and allows individual users to integrate and analyse data in one place. Palantir Technologies Inc. (NYSE: PLTR) is a great big-data stock to buy.
- Splunk Inc.
Splunk Inc. (NASDAQ: SPLK) is a software and cloud solutions provider based in California that provides operationalized insights from data generated by digital systems in the United States and around the world. Splunk Inc. (NASDAQ: SPLK) announced a five-year extension of its Strategic Collaboration Agreement with Amazon Web Services on December 1. It’s one of the best big data stocks to invest in.
- New Relic, Inc.
New Relic, Inc. (NYSE: NEWR) is a software company based in San Francisco, California. It is a software-as-a-service provider that provides customers with a software platform to collect telemetry data and derive insights from that data in a unified front-end application. It is one of the best big data stocks to invest in right now. New Relic, Inc. (NYSE: NEWR) issued revenue guidance for full-year 2022 of $912 million to $920 million, representing year-over-year growth of 16.1% and 17.1%, respectively, versus a consensus of $920.52 million.
- Dell Technologies Inc.
Dell Technologies Inc. (NYSE: DELL) creates, manufactures, and supports comprehensive and integrated technology solutions, products, and services in the Americas, Europe, the Middle East, Asia, and globally. Dell EMC assists businesses in storing, analysing, and protecting data, allowing them to better understand customer behavior, optimize operations, manage risk, and enable innovation. Dell Technologies Inc. (NYSE: DELL) is a top big data stock to keep an eye on.
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