13 Best Big Data Stocks to Buy According to Analysts

5. Snowflake Inc. (NYSE:SNOW)

Upside Potential: 60.26%

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is considered a big data company because it provides a cloud-based data warehousing and analytics platform designed to handle and process large volumes of structured and semi-structured data. Snowflake allows users to store vast amounts of data in the cloud without having to worry about scaling infrastructure. This makes it ideal for big data workloads where data volume can be massive.  The company’s ability to share data across different organizations securely is one of its unique features.. This capability is useful for big data projects where large datasets need to be shared and analyzed collaboratively across teams, industries, or even between different business partners.

In February 2025, Snowflake expanded its AI capabilities by establishing a new Silicon Valley AI Hub and investing $200 million in next-generation startups. This move aims to bolster the company’s position in the AI and data cloud market. Snowflake’s Search product is highly ranked and has significant potential. As Snowflake enhances its data ingestion capabilities, this would drive other applications like insurance underwriting or legal analysis, according to the company. The integration of data engineering with AI technologies opens up new possibilities for its users.

The company expects accelerated growth over the next two quarters, boosted by AI-powered solutions and more efficient partnerships. The company sees Iceberg, a data format that helps manage large-scale data storage and analytics, as a tailwind as it will provide new ways to access data.