Otonomo Technologies is an innovative software platform that connects data analytics with the automotive industry, providing intelligence to major car manufacturers, drivers, and even governments.
In this digital era and service-based economies, data has become perhaps the most important asset businesses can have. Otonomo Technologies is one of the leading companies recognising the power of data analytics, and many stock analysts point towards hefty returns if the company manages to capture the full market potential.
Let’s discuss Otonomo Technologies, where you can buy this stock and why it is worth considering.
How & Where to Buy Otonomo Technologies Stock Online
Otonomo Technologies (OTMO) is a cheap stock in the software industry. You can buy it right now by registering with one of our recommended online brokers:
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
What Is Otonomo Technologies?
Otonomo Technologies is a platform that provides automotive data services. Its clients have access to car data from more than 40 million vehicles. The company aims to provide the world’s largest automotive ecosystem used by service providers and drivers to enhance their mobility experience.
Should I Buy Otonomo Technologies Today?
Data analytics is nothing new. Yet, Otonomo Technologies is a unique player as it manages to connect data analytics with automotive data. As devices become interconnected, the company leverages the power of data to establish itself in this nascent industry.
Otonomo Technologies’ revenue potential comes from major car manufacturers which buy car data to improve their services and products. Also, there is high potential coming from car insurance companies or concierge platforms that could use such automotive data. Finally, Otonomo Technologies provides governments with data on how to design more efficient and safer urban plans.
Yet, keep in mind that the growing data industry remains vulnerable to regulatory shifts regarding consumer privacy, limiting the data available to data analysts like Otonomo Technologies.
Otonomo Technologies Price Prediction 2021
The highest forecast is $13, while the lowest estimate is $10. With a current stock price of $4.90, early investors can easily boost their portfolio returns if analysts’ predictions materialise.