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11 top big data stocks to buy in 2024

Ready to invest in the information industry? Learn how to invest in big data stocks in just a few steps.

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.

The top information stocks included on this page all trade on the S&P 500, have an analyst recommendation of "Buy" or better and are sorted by year-to-date performance.

  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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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 2024.
  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.

1. International Business Machines (IBM)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.

International Business Machines stock opened the day at $206.50 after a previous close of $208.09. The latest price was $210.25 (25-minute delay). International Business Machines is listed on the NYSE, has a trailing 12-month revenue of around USD62.6 billion and employs 282,200 staff.

  • Market capitalization: $193,241,563,136
  • P/E ratio: 30.5095
  • PEG ratio: 6.9846

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2. Alteryx (AYX)

Alteryx, Inc. , together with its subsidiaries, operates in the analytics automation business in the United States and internationally. The company's analytics platform automates tasks for workers across the analytics value chain.

Alteryx stock opened the day at $0.00 after a previous close of $0.00. The latest price was $0.00 (25-minute delay). Alteryx is listed on the NYSE, has a trailing 12-month revenue of around USD$970 million and employs 2,345 staff.

  • Market capitalization: $3,527,897,856
  • PEG ratio: 0

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3. MongoDB (MDB)

MongoDB, Inc. , together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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 $279.00 after a previous close of $284.43. The latest price was $289.15 (25-minute delay). MongoDB is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.8 billion and employs 5,360 staff.

  • Market capitalization: $20,666,470,400
  • PEG ratio: 1.6716

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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 $0.00 after a previous close of $0.00. The latest price was $0.00 (25-minute delay). Splunk is listed on the NASDAQ and has a trailing 12-month revenue of around USD$4.2 billion.

  • Market capitalization: $26,443,769,856
  • P/E ratio: 103.2237
  • PEG ratio: 1.8084

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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, as well as applies artificial intelligence (AI) for solving business problems.

Snowflake stock opened the day at $127.55 after a previous close of $127.43. The latest price was $130.24 (25-minute delay). Snowflake is listed on the NYSE, has a trailing 12-month revenue of around USD$3.2 billion and employs 7,630 staff.

  • Market capitalization: $43,331,305,472
  • PEG ratio: 2.229

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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 comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.

Datadog stock opened the day at $125.90 after a previous close of $125.97. The latest price was $133.41 (25-minute delay). Datadog is listed on the NASDAQ, has a trailing 12-month revenue of around USD$2.5 billion and employs 5,200 staff.

  • Market capitalization: $44,649,791,488
  • P/E ratio: 230.5789
  • PEG ratio: 0.8149

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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 stock opened the day at $0.00 after a previous close of $0.00. The latest price was $0.00 (25-minute delay). 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 to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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 $59.51 after a previous close of $61.26. The latest price was $62.98 (25-minute delay). Palantir Technologies Inc is listed on the NYSE, has a trailing 12-month revenue of around USD$2.6 billion and employs 3,892 staff.

  • Market capitalization: $134,813,229,056
  • P/E ratio: 295.9
  • PEG ratio: 2.6472

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9. Amazon-com (AMZN)

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

Amazon-com stock opened the day at $199.33 after a previous close of $201.70. The latest price was $204.61 (25-minute delay). Amazon-com is listed on the NASDAQ, has a trailing 12-month revenue of around USD$620.1 billion and employs 1,551,000 staff.

  • Market capitalization: $2,223,712,239,616
  • P/E ratio: 45.2848
  • PEG ratio: 1.7867

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10. Elastic (ESTC)

Elastic N. V. , a search artificial intelligence (AI) company, delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. 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 $85.52 after a previous close of $86.06. The latest price was $88.27 (25-minute delay). Elastic is listed on the NYSE, has a trailing 12-month revenue of around USD$1.3 billion and employs 3,299 staff.

  • Market capitalization: $9,167,936,512
  • P/E ratio: 146.2787
  • PEG ratio: 4.9194

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11. Workiva (WK)

Workiva Inc. , together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.

Workiva stock opened the day at $90.10 after a previous close of $90.80. The latest price was $90.17 (25-minute delay). Workiva is listed on the NYSE, has a trailing 12-month revenue of around USD$705.4 million and employs 2,751 staff.

  • Market capitalization: $5,164,103,168
  • 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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