13 Best Big Data Stocks to Buy According to Analysts

8. Rubrik, Inc. (NYSE:RBRK)

Upside Potential: 50.89%

Number of Hedge Fund Holders: 41

Rubrik, Inc. (NYSE:RBRK) is considered a big data company given its role in managing and protecting vast amounts of data across multiple environments. While the company is primarily known for its cloud data management and data protection solutions, it plays a significant role in the broader “big data” ecosystem. Rubrik, Inc. (NYSE:RBRK) provides efficient backup and recovery solutions for massive amounts of data across different platforms, ensuring that large datasets are continuously protected and recoverable in case of failures, disasters, or breaches.

The company has recently signed a deal with IT services giant NTT Data for its cyber-resilience services. The two companies have been in alliance with each other for some time. They have now signed an alliance related to security services. This is likely to boost Rubrik’s revenue.

In its fourth quarter of the previous year, Rubrik, Inc. (NYSE:RBRK) reported a loss of $0.18 per share, an improvement from the prior year’s $1.52 loss and above analyst expectations of a $0.39 loss. Revenue increased by 47% to $258.1 million, surpassing estimates. For the year, the company reported revenue of $886.54 million, a robust growth of 41.19% year-over-year.  For the current fiscal year, the company projects revenue between $1.145 billion and $1.161 billion.