11 top big data stocks to buy in 2023

The best big data stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

11 big data stocks to buy in 2023

We round up a selection of stocks in or related to the information industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. International Business Machines (IBM)
2. Alteryx (AYX)
3. MongoDB (MDB)
4. Splunk (SPLK)
5. Snowflake (SNOW)
6. Datadog (DDOG)
7. Cloudera (CLDR)
8. Palantir Technologies Inc (PLTR)
9. Amazon-com (AMZN)
10. Elastic (ESTC)
11. Workiva (WK)

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The big data stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering big data stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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How to invest in big data stocks

1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2023.
2. Sign up for an account. Provide your personal information and sign up.
3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like IBM or AYX.
5. Place your order. Buy the stock. It's that simple.

Take a deeper dive into big data stocks

If you're interested in investing in the information industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. International Business Machines (IBM)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

International Business Machines stock opened the day at $158.41 after a previous close of $158.56. The latest price was $160.55 (25-minute delay). International Business Machines is listed on the NYSE, has a trailing 12-month revenue of around USD61.2 billion and employs 288,300 staff.

• Market capitalization: $141,697,794,048
• P/E ratio: 20.0491
• PEG ratio: 1.2763

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2. Alteryx (AYX)

Alteryx, Inc. operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, North America, and internationally. 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 $40.23 after a previous close of $40.05. The latest price was $41.88 (25-minute delay). Alteryx is listed on the NYSE, has a trailing 12-month revenue of around USD$920.4 million and employs 2,372 staff.

• Market capitalization: $2,727,670,272
• PEG ratio: 0

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3. MongoDB (MDB)

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

MongoDB stock opened the day at $420.03 after a previous close of $415.74. The latest price was $435.23 (25-minute delay). MongoDB is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.5 billion and employs 4,626 staff.

• Market capitalization: $29,087,195,136

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4. Splunk (SPLK)

Splunk Inc. , together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization's digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.

Splunk stock opened the day at $151.45 after a previous close of $151.54. The latest price was $151.33 (25-minute delay). Splunk is listed on the NASDAQ, has a trailing 12-month revenue of around USD$3.8 billion and employs 8,000 staff.

• Market capitalization: $25,606,129,664
• PEG ratio: 1.4335

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5. Snowflake (SNOW)

Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.

Snowflake stock opened the day at $185.25 after a previous close of $187.68. The latest price was $185.97 (25-minute delay). Snowflake is listed on the NYSE, has a trailing 12-month revenue of around USD$2.4 billion and employs 6,659 staff.

• Market capitalization: $56,431,452,160
• PEG ratio: 1.9134

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6. Datadog (DDOG)

Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

Datadog stock opened the day at $117.29 after a previous close of $116.57. The latest price was $118.62 (25-minute delay). Datadog is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2 billion and employs 4,800 staff.

• Market capitalization: $37,083,889,664
• PEG ratio: 1.2271

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7. Cloudera (CLDR)

Cloudera, Inc. offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services.

Cloudera is listed on the NYSE, has a trailing 12-month revenue of around USD$904.8 million and employs 2,728 staff.

• Market capitalization: $4,736,509,440
• PEG ratio: -0.84

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8. Palantir Technologies Inc (PLTR)

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

Palantir Technologies Inc stock opened the day at $19.93 after a previous close of $20.05. The latest price was $20.27 (25-minute delay). Palantir Technologies Inc is listed on the NYSE, has a trailing 12-month revenue of around USD$2.1 billion and employs 3,810 staff.

• Market capitalization: $41,789,886,464
• P/E ratio: 274.3572
• PEG ratio: 1.3791

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9. Amazon-com (AMZN)

Amazon. com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally.

Amazon-com stock opened the day at $146.00 after a previous close of $146.09. The latest price was $147.03 (25-minute delay). Amazon-com is listed on the NASDAQ, has a trailing 12-month revenue of around USD$554 billion and employs 1,500,000 staff.

• Market capitalization: $1,526,641,852,416
• P/E ratio: 77.3456
• PEG ratio: 11.85

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10. Elastic (ESTC)

Elastic N. V. , a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.

Elastic stock opened the day at $98.24 after a previous close of $80.36. The latest price was $110.20 (25-minute delay). Elastic is listed on the NYSE, has a trailing 12-month revenue of around USD$1.1 billion and employs 2,995 staff.

• Market capitalization: $7,493,630,464

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11. Workiva (WK)

Workiva Inc. , together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications.

Workiva stock opened the day at $96.76 after a previous close of $96.17. The latest price was $99.62 (25-minute delay). Workiva is listed on the NYSE, has a trailing 12-month revenue of around USD$607.2 million and employs 2,519 staff.

• Market capitalization: $5,111,319,552
• PEG ratio: 0

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Bottom line

While it’s possible to turn a profit investing in big data stocks, keep in mind that — like any investment — big data stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the information industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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