The big data companies focus on collecting, storing, and analyzing huge amounts of data that businesses use to make smarter decisions. This data comes from many sources, like websites, sensors, social media, and customer interactions. These companies aim to find patterns, trends, and insights that help companies improve various aspects of their business, including their products, services, and operations. Key areas within the industry include data storage, analytics, cloud computing, and AI-driven solutions.

As companies increasingly rely on data to optimize their processes and predict trends, industries like healthcare, finance, retail, and manufacturing are adopting big data solutions. The industry is growing rapidly, driven by technological advancements, especially AI, machine learning, and cloud computing, which help process and analyze data more efficiently. Many companies are offering cloud-based big data solutions, enabling businesses to access powerful data storage, processing, and analytics tools without the need to maintain expensive on-premises infrastructure.

Big Data Stocks are Poised to Grow

As businesses turn to AI and automation, investors are piling on to big data companies that offer AI-driven analytics platforms. Companies focusing on real-time data processing and analytics are also attracting investor attention, given the growing need for businesses to make quick decisions based on live data. The global big data market size was valued at  $327.26 billion in 2023 and is projected to grow at a CAGR of 14.9% from 2024 to 2030, according to Grand View Research.

Here are some ways big data stocks are likely to benefit. The amount of data generated globally is increasing rapidly due to more connected devices, social media, sensors, and IoT (Internet of Things). This creates a growing need for companies that can collect, store, and analyze vast amounts of data efficiently. Meanwhile, the shift to cloud computing has made it easier for businesses to store and process big data without investing in expensive infrastructure. Cloud-based big data solutions are scalable, cost-effective, and flexible, making them an attractive option to companies of all sizes. Big data companies are closely tied to AI and machine learning, which require vast amounts of data to train algorithms and generate insights. As AI adoption grows, so does the need for platforms that can manage and analyze large datasets.

Our Methodology

To compile the list of best data stocks to buy, we reviewed Big Data ETFs to compile a preliminary list of stocks and then selected the ones with the highest upside potential, based on Wall Street analysts’ average price targets. We have also mentioned the hedge fund sentiment around each stock, as of Q4 2024.

Note: All data was recorded on April 7, 2025.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

13 Best Big Data Stocks to Buy According to Analysts

13. Palantir Techologies Inc. (NASDAQ:PLTR)

Upside Potential: 23.33%

Number of Hedge Fund Holders: 64

Palantir Technologies (NASDAQ:PLTR) is a big data company as it specializes in helping organizations manage, analyze, and make sense of large, complex datasets. The company offers powerful software platforms that allow businesses, governments, and other entities to collect, integrate, and analyze vast amounts of data from various sources to gain valuable insights. The company’s platforms help organizations integrate data from diverse sources, including structured data and unstructured data. This is essential for making sense of large, varied datasets.

The company experienced a 36% year-over-year revenue growth in Q4 2024, driven by a 52% increase in its U.S. business, with commercial revenue rising 64%. Palantir’s AI platform (AIP) was a major driver of new customer acquisition and expansion, especially in the U.S. commercial sector. The company closed significant deals, including $1.8 billion in total contract value (TCV), marking a 56% increase from the previous year. Palantir Technologies (NASDAQ:PLTR) saw a solid adjusted operating margin of 45%. The company also provided strong guidance for 2025, with a forecast of $3.75 billion in revenue, reflecting a 31% year-over-year increase.

On February 20, Loop Capital initiated the stock with a Buy rating and a price target of $141. Loop Capital highlighted the company’s differentiated AI data platform, which uses an ontology-based framework to make AI-driven decision-making more intuitive for its customers.

12. Tyler Technologies, Inc. (NYSE:TYL)

Upside Potential: 34.57%

Number of Hedge Fund Holders: 44

Tyler Technologies, Inc. (NYSE:TYL) is another big data company. It focuses on providing software solutions that help local governments, schools, and other public sector entities. It helps them manage, analyze, and leverage large volumes of data. The company has been expanding its cloud offerings, which are ideal for handling large-scale data storage and processing. The company’s cloud-based platforms enable local governments and public institutions to scale their data management capabilities as their data grows.

In 2024,  Tyler Technologies, Inc. (NYSE:TYL) continued to strengthen its financial position amidst high interest rates. The company paid off its remaining debt from the NIC acquisition, reducing net leverage to zero by year-end. Tyler is also making strategic investments in AI, focusing on productivity, decision-making, and service delivery, with plans to incorporate AI features in all its major product roadmaps by the end of 2024. The company is collaborating with AI vendors like AWS, Microsoft, and Google to leverage their strengths in the public sector space. It is also making strategic investments in AI, focusing on productivity, decision-making, and service delivery, with plans to incorporate AI features in all its major product roadmaps by the end of 2024.

On March 26, 2025, MarketBeat reported that Keystone Investors PTE Ltd. raised its position in Tyler Technologies by 1,015.6% in the fourth quarter of 2024, now owning 3,871 shares valued at approximately $2.23 million.