Palantir Technologies stock is outperforming the S&P 500, hitting a 52-week high.

From Nasdaq: 2024-12-26 13:27:57

Palantir Technologies Inc. is a leading software platform builder for the intelligence community, boasting a market cap of $187.7 billion. PLTR’s stock hit a 52-week high of $84.80 and gained 123.3% over the past three months, outperforming the S&P 500 Index. The company’s recent success is attributed to its Artificial Intelligence Platform (AIP) and strong financial performance.

In contrast, PLTR’s competitor CrowdStrike Holdings, Inc. has seen mixed performance with 4.4% losses in the past six months. Wall Street analysts are cautious, giving PLTR a “Hold” rating with a mean price target of $42.80. Despite this, PLTR’s innovative technology and financial success continue to drive its growth and market dominance.



Read more at Nasdaq: Is Palantir Technologies Stock Outperforming the S&P 500?