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The Covid-19 pandemic has proved a formidable foe for the travel and leisure industry. Of his ratings, he succeeded 63% of the time, and returned an average of 25.3% on each one. Out of more than 7,000 analysts on TipRanks, Andrews ranks as No.158. One concern for the firm is a potential regulatory shift toward consumer privacy of the information shared by the vehicles, which would disrupt OTMO's standards of data.

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In addition to enterprise players, Otonomo provides intelligence for municipal governments about how to design safer and more efficient urban plans. He noted that beyond major car manufacturers, new revenue opportunities could arise from insurance companies and concierge platforms incorporating OTMO's data. As connected car prevalence increases, so do the number of possible applications for the data they generate. The top analyst explained that the company has created a bridge between two promising sectors: automotive data and its analytics. One of those bullish analysts is Jack Andrews of Needham & Co., who wrote that Otonomo operates a 'linchpin technology' that unlocks revenue for original equipment manufacturer and connected car investments.' From his calculations, the stock provides a 'favorable risk/reward setup with material upside,' if it is successful in capturing its full potential.Īndrews initiated a Buy rating on the stock, and determined a 12-month price target of $10 per share. The data analytics firm recently went public, and analysts now see even more upside and opportunity for monetization of its product offerings. The power of processing billions of data points from millions of vehicles on the road has provided Otonomo Technologies ( OTMO) with a promising business model.

For SaaS companies, big data is the name of the game.

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