Data Science

Top 10 Data Science Stocks to Buy in the Second Half of 2022

sirisha

For a normal investor what matters is how much divided the stocks can return vis-à-vis the investment

Data science as a sector has seen significant growth in recent times and is expected to grow at a CAGR (Compounded Annual Growth Rate) of 27.7% at least till 2026, growing from US$322.9 billion. Indeed, data science is a sunrise industry on which experts are making big bets. However, for a normal investor what matters is how much divided the stocks can return vis-à-vis the investment. If you check the average rate of returns data science companies generate on the stock market, it is quite significant and stable. This is all because the data crunching companies were making and will make good enough ROIs which they can pass on to the shareholders through data science stocks. According to IDC (International Data Corporation) estimation, 59ZB of data will be created, captured, copied, and consumed in FY2020 and will increase to 200ZB by FY 2025, with the growth of 5G, IoT, and other connected devices. Sometimes, investing in stock markets get a little tricky for newbies and experienced investors as well. Here are the top 10 data science stocks you will find investment-worthy and can expect assured returns from.  

Alteryx (AYX):

Market Capitalization: US$3.795 billion

It is an end-to-end data analytics company whose specialized services include creating visual workflows in addition to regular data analytics functions like data profiling, preparation, blending, etc. A collaborative platform to share insights among the departments to devise simple and agile data models. Alteryx opened at US$57.71 in the morning after a previous close at US$57.69. It is listed on the NYSE and has a trailing 12-month revenue of around US$575.3 million.

MongoDB (MDB):

Market Capitalisation: US$16.141 billions

It is a general-purpose data processing platform and is the foremost player in the cloud arena. MongoDB Enterprise Advanced, MongoDB Atlas, and Community servers are its premium products to provide multi-cloud database-as-a-service for an on-premise or a hybrid environment. It is currently listed on NASDAQ and has a trailing 12-month revenue of around US$873.8 million. Its current price hovers around US$237.15 

Splunk (SPLK):

Market Capitalization: US$16.502 billion

A software and cloud solution provider offer a real-time data platform called 'Splunk Platform', enabled with machine learning and data management capabilities. It is used to accomplish tasks like collection, streaming, indexing, search, reporting, analysis, etc.  Its stock opened at US$106.60 with a previous close of US$108.50. It is a NASDAQ-listed stock and holds a trailing 12-month revenue of around US$2.7 billion.

Snowflake (SNOW):

Market capitalization: 40.159B

Snowflake Inc. is a US-based cloud-based data platform, that provides its clients with, a data cloud where they can integrate their data into a single platform and derive insights effortlessly to build data-driven applications, and share data seamlessly. It opened the day at 130 after a previous close of US$129.91. Listed on NYSE, has a trailing 12-month revenue of around US$1.2 billion.

Datadog (DDOG):

Market Capitalization: US$30.049 billion

It is a US-based data monitoring and analytics platform that primarily caters to developers, information technology operations teams, and business users. Its SaaS platform facilitates real-time observability of data and technology stack. A NASDAQ-listed company is currently trading at US$95.39. It opened the day at 98.16 after the previous close of US$98.07. It has a 12-month trailing revenue of around US $1.2 billion.

Cloudera (CLDR):

Market Capitalisation: US$4.73 billion

A data cloud company known for its services in data analytics and management products across the globe. They help companies with real-time insights to deal with the transformational use cases effortlessly. An NYSE-listed company with a trailing 12-month revenue of US$904.8 million holds the highest intraday current value at US$16. 

Palantir Technologies (PLTR)

Market Capitalization: US$17.764 billion

Palantir Technologies assists the US government with counter-terrorism investigations. Its software platform Palantir Gotham, helps them identify deeply hidden patterns in the datasets. It is listed on NYSE and holds a trailing 12-month revenue of around US$1.6 billion. Its current value is US$8.68. It has opened at US$8.87 after a previous close of US$8.85.

Amazon.com (AMZN):

Market Capitalization: US$1.223 trillion

AWS, a leading cloud service provider, has a number of custom-built services for organizations of different sizes and industries. It helps customers define and manage security, governance, and auditing policies to confirm with industry and geography-specific regulations while keeping the data secure irrespective of their client's location. Amazon.com is listed on NASDAQ and has a trailing 12-month revenue of around US$477.7 billion. Its stock price stands at US$2,404 a with the previous closing of US$2,302.93

Elastic N-V (ESTC):

Market Capitalization: US$5.762 billion

Elastic N-V is a data analytics company, which primarily offers Elastic Stack, a platform that enables integrated processing of data in its various forms all while ensuring its safe storage. Its current market price stands at US$61.65. Listed on NYSE, has a trailing 12-month revenue of around US$800.6, and its latest closing value is around US$64.65

Workiva (WK):

Market Capitalization: US$ 3.802 billion

Workiva Inc. is known for its compliance and regulatory reporting solutions for controlled collaboration, data linking, data integration, and audit trial services. Workiva stock opened the day at US$73.47 after a previous close of $73.82. The latest price was $73.01. Workiva is listed on the NYSE and has a trailing 12-month revenue of around USD$468.7 million.

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