Palantir (PLTR) stock has shown impressive growth, strong financial performance, and positive earnings estimates

From Nasdaq: 2024-12-20 18:48:00

Palantir Technologies (PLTR) has seen impressive growth in 2024, with a +300% increase year to date and +600% since going public in 2020. The company offers AI solutions like Palantir Foundry and AIP, driving investor interest. Strategic partnerships with the U.S. government, like the ADP contract, further boost sentiment.

Palantir’s financial performance has been strong, exceeding Zacks EPS Consensus for eight quarters. Sales are expected to increase by 26% in FY24 and 24% in FY25. Profitable already, earnings are forecasted to grow by 52% in 2024 and 24% in 2025. With positive earnings estimate revisions, PLTR remains a viable option for portfolio growth.

Zacks has named a top semiconductor stock with high growth potential in the AI, machine learning, and IoT markets. With the global semiconductor industry projected to reach $803 billion by 2028, this stock is positioned for significant growth. Check out the free report for more information on this top chip stock.



Read more at Nasdaq: Should Palantir (PLTR) Stock Be in Your Portfolio Going into 2025?