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Data science is the field of applying advanced analytics techniques and scientific principles to extract valuable information from data for business decision-making, strategic planning, and other uses. Business analysts, data science, cloud analytics, and security sectors are only a few areas of the data industry that the population is generally more familiar with in the stock market. If you check the average rate of returns data science companies generate on the stock market, it is quite significant and stable. The cheapest data science stocks depend on your portfolio and investment goals. Here are the top 10 cheapest data science stocks you will find an investment with great potential.
Domo Inc.: It is a company based in the US that operates a cloud-based platform. Domo, Inc. added integration for Snowpark, which is data cloud company Snowflake's new developer experience. The price target was also raised from $40 to $90 because of a foreseeable strong spending environment for cloud data companies.
Snowflake Inc: It provides a cloud-based data platform in the United States and internationally. Snowflake Inc stock opened the day at $154.58 after a previous close of $148.15. The latest price was $143.80. Snowflake Inc is listed on the NYSE, has a trailing 12-month revenue of around USD$1.4 billion, and employs 4,559 staff.
MongoDB: It is a general-purpose data processing platform. 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
Teradata Corporation: It is a hybrid cloud analytics software provider. Teradata Corporation's price target is from $26 to $45, after commenting that the company is due to benefit from a better spending environment and in support of their focus on a cloud-first model.
Palantir Technologies: It assists the US government with counter-terrorism investigations. 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.
IBM: International Business Machines (IBM) Corporation provides integrated solutions and services worldwide. IBM stock opened the day at $142.97 after a previous close of $142.80. The latest price was $141.9. IBM is listed on the NYSE, has a trailing 12-month revenue of around USD58.4 billion, and employs 282,100 staff.
Alteryx: The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers. Alteryx stock opened the day at $52.25 after a previous close of $52.41. The latest price was $50.47. It is listed on the NYSE, has a trailing 12-month revenue of around USD$575.3 million, and employs 2,384 staff.
Amazon.com: AWS, a leading cloud service provider, has a number of custom-built services for organizations of different sizes and industries. 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
New Relic, Inc.: It is a software-as-a-service company that provides a platform for the planning and operating of software across the globe. The company revealed an adjusted EPS of $0.15 versus the estimates of $0.03, and a revenue of $162.59 million for the fiscal first quarter. The revenue demonstrated an 11.37% growth year over year.
Elastic: It delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. The elastic stock opened the day at $74.94 after a previous close of $74.09. The latest price was $71.43. Elastic is listed on the NYSE and has a trailing 12-month revenue of around USD$862.4 million.
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