13 Best Big Data Stocks to Buy According to Analysts

6. Nutanix, Inc. (NASDAQ:NTNX)

Upside Potential: 55.24%

Number of Hedge Fund Holders: 51

Nutanix, Inc. (NASDAQ:NTNX) is considered relevant in the big data space primarily due to its role in providing a hyper-converged infrastructure (HCI) platform designed to handle the scalability, storage, and computational needs of big data environments. The company’s HCI allows businesses to scale their IT resources easily and efficiently. Big data environments require significant scalability for processing large volumes of data. The company’s platform can grow and scale up without the complexities of traditional infrastructure, making it ideal for big data workloads.

Nutanix, Inc. (NASDAQ:NTNX) recent earnings report saw the stock pop. The company’s earnings for the quarter that ended on January 31, 2025 were 56 cents a share on an adjusted basis vs. 46 cents a year earlier. It also beat analysts’ expectations of 47 cents. The revenue for the quarter grew 15.8% on a year-over-year basis.  On February 27, RBC maintained its Outperform rating on the stock. It increased the price target for the stock from $85 to $93. RBC was impressed by the company’s earnings, highlighting the company’s accelerating Annual Recurring Revenue (ARR) and customer acquisitions.