Palantir's success in 2024 overshadowed by potential investments in Axon Enterprise and MercadoLibre

From Nasdaq: 2025-01-01 10:13:00

In 2024, Palantir (NASDAQ: PLTR) was a standout stock, with a 349% increase in value. Despite its success, investors are advised to consider other options due to its inflated valuation, trading at a price-to-sales ratio of 72.

Axon Enterprise (NASDAQ: AXON) had a stellar year, up 134% by Dec. 30. With a market cap of $46 billion, it’s a promising investment in law enforcement technology, benefiting from potential policies under the new administration.

MercadoLibre (NASDAQ: MELI), a Latin American e-commerce giant, has seen a remarkable 6,000% increase since its IPO in 2009. With room for growth in its core markets, it presents a cheaper and potentially more valuable option compared to Palantir in the next five years.



Read more at Nasdaq: Prediction: 2 Stocks That Will Be Worth More Than Palantir by 2030