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1 Data Analytics Stocks to Buy, 1 to Avoid By StockNews

by Mike Robinson

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© Reuters. 1 Data Analytics Stocks To Buy, 1 Avoid

A significant contribution to the rise of data analytics has been the adoption of predictive analytical methods within almost all sectors that rely on advanced big-data techniques. Cloudera (NYSE 🙂 is a solid stock and worth investing in. Conversely, Cardlytix (CDLX) doesn’t look well-positioned to capitalize on the industry tailwinds due to its poor fundamentals. It is best to avoid it now. The COVID-19 epidemic is still far from over. Data analytics adoption has accelerated in businesses and organizations as well as society, to cope with radical change and extreme uncertainty. Many sectors have taken advantage of data analytics to support strategic decisions and make informed business decisions, such as retail, healthcare and banking and finance.

International Data Corporation (IDC), the global spending for big data and business analysis (BDA) is expected to exceed $215.7 billion in 2019, an increase of 10.1% over 2019. Global data analytics markets are expected to exceed $24.63 trillion by 2030. This is a 25% increase over 2020.

As such, we believe data analytics stock Cloudera, Inc. (CLDR) is well-positioned to cash in on the industry’s strong growth potential. Celldex, Inc., Therapeutics, Inc., or CLDX, is a weak stock in the space.

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