Palantir (PLTR) stock has been a strong performer in 2024 with positive growth factors.

From Zacks Investment Research: 2024-12-20 19:50:25

Palantir Technologies (PLTR) has been a top performer in 2024, with over +300% year-to-date gains and +600% since going public in 2020. The company offers critical software for complex tasks, including counter terrorism operations for government agencies. Palantir benefits from the AI boom, with advanced solutions like Palantir Foundry and the Palantir Artificial Intelligence Platform. Strategic partnerships with the U.S. government, such as the U.S. Army Data Platform contract, have driven high investor sentiment. Strong financial performance includes exceeding EPS Consensus for eight consecutive quarters and projected sales and earnings growth in FY24 and FY25. With a Zacks Rank #2 (Buy), Palantir stock remains a strong option for portfolio growth.



Read more at Zacks Investment Research: Should Palantir (PLTR) Stock Be in Your Portfolio Going into 2025? – December 20, 2024