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Forget Palantir, Buy These 2 Big Data Stocks Instead -Breaking

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© Reuters. Palantir should be forgotten. Instead, invest in these two big data stock

The number of devices that can generate data is increasing rapidly. This has aided the development of the big-data market. The adoption of big-data solutions has become easier and less expensive thanks to cloud computing. However, big data management company Palantir (PLTR) doesn’t look sufficiently fit to capitalize on the industry tailwinds. We believe it would be worthwhile to place your money on International Business Machines and SAP (SAP). These two stocks possess sound fundamentals and are rated ‘buy’ in our proprietary rating system. So, let’s discuss.Insights and predictive analytics solutions derived from big data tend to create smart processes and smarter organizations. Organizations are adopting more big-data solutions. The adoption of big-data solutions has become easier and cheaper with cloud computing. Big data is growing because of IoT and the expanding market for business analytics. Global big data is projected to grow at a rate of 12%, reaching $268.4 Billion by 2026.

Software company that specializes in big data management and analysis software Palantir Technologies Inc . (NYSE) saw its revenue rise by 35.5% to $392.15 millions in the quarter ended November. The stock price has fallen more than 15% since November 9, when the company released its third quarter results. Citi analyst Tyler Radke said that PLTR’s decelerating growth “came into center view” in the third quarter, with weakness in both commercial and government. The stock currently trades below its 50-day, 200-day moving mean. This is a sign of a declining trend. Analysts expect the stock’s EPS to fall 25% this year.

We believe that big data stocks SAP SE, (DE:), (SAP), and International Business Machines Corporation are fundamentally sound. IBM ) could be better picks to cash in on the industry’s growth. These stocks are rated ‘buy’ in our proprietary rating system.

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