10 Best Predictive Analytics Stocks to Invest in Now

1. Snowflake Inc. (NYSE:SNOW)

Analyst upside as of November 11, 2024: 37%

Snowflake Inc. (NYSE:SNOW) ranks first on our list of the best predictive analytics stocks to invest in now. The cloud-based data storage company was founded in 2012 and has experienced a solid growth trajectory since becoming one of the leading AI cloud services providers. The company has more than 10,200 global customers who benefit from its data storage, processing, and analytics products. Some of its notable customers include Adobe, AT&T, HP, Mastercard, PepsiCo, and Yamaha.

Snowflake Inc.’s (NYSE:SNOW) predictive analytics features leverage data from diagnostic and descriptive analytics to detect patterns that facilitate predictive data modeling for future trends. The company’s data cloud helps companies process semi-structured data and develop predictive modeling to enjoy faster speed and improved functionality without having to copy the data. In addition, its unified platform allows users to bring all cross-functional teams together in building scalable data preparation and model inference pipelines. Such is supported by the endless tools and features launched by Snowflake Inc. (NYSE:SNOW) to expand data analytics capabilities in the cloud platform.

To advance its predictive analytics capabilities, Snowflake Inc. (NYSE:SNOW) has forged partnerships and collaborations with key stakeholders in the industry. For instance, Tableau, a business intelligence and analytics software by Salesforce is integrated into Snowflake’s data cloud platform. The revolutionary integration allows users to store and analyze data on the same platform without extensive data transfers. More recently, in June, the company partnered with Neo4J, a graph database and analytics company. The partnership brings Neo4J’s native graph data science solution to Snowflake’s AI data cloud eliminating the need to move out data from the Snowflake ecosystem.

The company takes pride in its analytical capabilities and is confident its expertise is challenging to replicate. This positions Snowflake Inc. (NYSE:SNOW) as a leader in data analytics and data modeling, contributing to its ranking on our list.

While we acknowledge the potential of SNOW to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNOW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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