The Fed’s latest meeting left rates steady at 3.5% to 3.75%, but a hint of a possible hike later this year, firmer inflation at 4.2%, and a push toward new data sources have quickly reshaped how investors think about risk and opportunity. For technology and data analytics stocks, the focus on real time information and alternative datasets could matter as much as the rate path itself. This article highlights 3 stocks from a US Technology and Data Analytics Providers screener that appear especially exposed to these Fed developments, and explains why that exposure could be a potential positive for each one.

Tenable Holdings (TENB)

Overview: Tenable Holdings is a cybersecurity company that helps organizations find and reduce digital weak spots across their IT, cloud, AI, identity, web applications, and operational technology systems through its Tenable One exposure management platform and products like Tenable AI Exposure, Nessus, and OT Security.

Operations: Tenable generates all of its US$1.0b in revenue from security software and services, with US$539.2m from the United States and the rest spread across Europe, the Middle East and Africa, Asia Pacific, and other Americas.

Market Cap: US$3.0b

Tenable Holdings sits at the intersection of AI, data, and cybersecurity, a key area of focus for many investors as the Fed leans on richer, real time data to guide policy. The company is still loss making, but analysts expect an improvement in earnings and return on equity over the next few years if its AI driven exposure management strategy is successful. The current P/S of 2.9x is below both peers and the broader US Software industry. Recent product launches such as Tenable Hexa AI and expanded cloud and OT coverage indicate how it is trying to stay ahead of fast rising cyber risks, but heavy spending, reliance on government contracts, and intense competition create ongoing uncertainty around margins.

Tenable’s AI driven exposure management story and 2.9x P/S leave a lot of questions about what the market is missing. Start with the DCF valuation analysis for Tenable Holdings and see how the risk and contract mix really fit together.

GB Group (LSE:GBG)

Overview: GB Group is an identity data intelligence company that helps banks, fintechs, online retailers, gaming platforms, and public sector clients verify who their customers are, spot fraud, and meet KYC and AML rules using a mix of identity, location, and fraud analytics.

Operations: GB Group generates most of its revenue from Identity at £175m, with additional contributions from Location at £89m and Global Fraud Solutions at £22m.

Market Cap: £474.9m

GB Group operates within the context of the Fed’s focus on real time and alternative data, as its identity, fraud, and location tools are already integrated into decision engines across banks, fintechs, and governments that want up to the minute risk signals. The stock trades on a relatively low P/S multiple compared with UK software peers. Analysts currently forecast faster earnings and revenue growth than for the wider UK market, which raises questions about whether the 2025/26 loss and reliance on external debt are obscuring the impact of moves such as the expanded Equifax partnership, platform unification, and share buybacks on the longer term risk and reward profile.

GB Group’s relatively low P/S ratio, alongside higher earnings and revenue forecasts, suggests the market may be mispricing how its Equifax tie up, platform work, and buybacks fit together. Start with the analyst forecasts for GB Group to see what the current expectations might be missing.

Vertex (VERX)

Overview: Vertex is a tax technology company that provides software and services to help large retailers, manufacturers, and other enterprises calculate indirect taxes correctly, manage compliance and reporting workflows, handle e-invoicing, and integrate tax rules directly into systems like SAP.

Operations: Vertex generates US$768.0m in Software & Programming revenue, with US$685.7m from the United States and US$82.3m from customers outside the US.

Market Cap: US$1.9b

Vertex sits at the intersection of tighter Fed scrutiny, persistent 4.2% inflation, and real time data demands, alongside the complex reality of tax rules and compliance. Its cloud tax engines and expanding e-invoicing footprint, including the Brinta acquisition and phase two AI upgrades, are designed to turn complex regulations into more automated, recurring revenue, even as the company reports a loss and carries higher risk borrowing. Forecasts for faster earnings growth, rising margins, and stronger ROE are being compared with a P/S that is below the US Software average, which may interest investors who believe that tax automation, ERP migrations, and richer compliance data could become more significant as rates remain uncertain and policy makers place greater emphasis on live transaction data.

Vertex’s push into automated tax engines, AI upgrades and e-invoicing is being weighed against a loss making profile and higher risk borrowing. See how the market’s growth expectations stack up in the analyst forecasts for Vertex and what might be quietly skewing the story.

The three stocks covered here are just a starting point, as the full US Technology and Data Analytics Providers screener has surfaced 23 more companies with equally compelling narratives that tie into real time data, AI driven analytics, and compliance themes. To identify and analyze the highest conviction ideas for your own watchlist, use Simply Wall St to filter the US Technology and Data Analytics Providers screener for the exact catalysts, risk profiles, and business drivers that matter most to you.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.