Two of the top-performing tech stocks of 2024 were Palantir (PLTR 0.95%) and Nvidia (NVDA -1.41%). In terms of stock performance, Palantir was the clear winner in 2024, with its stock up about 325% as of this writing, compared to about a 180% gain for Nvidia.
Palantir Technologies Inc. has seen a remarkable 330% YTD stock increase, from $17 to $72, driven by strong AI and SaaS growth. The stock surged 90% since September 23, 2024, when it closed at $37.95, highlighting its rapid appreciation and investor confidence. Palantir's biggest client is the U.S. Government, solidifying its position as a leading AI platform and defense contractor.
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $73.20, moving +0.95% from the previous trading session.
Palantir (NASDAQ:PLTR) stock has been the software high-flyer of 2024.
If you're invested in companies like Palantir (Nasdaq: PLTR), MicroStrategy (Nasdaq: MSTR), or Axon Enterprises (Nasdaq: AXON), tomorrow is a day that should be circled on your calendar.
Palantir stock has been on a roll but it's a bad idea to chase the software behemoth's shares now, a Baird analyst said. The post Palantir Stock Is Hot, But Don't Chase It Now, Says Analyst appeared first on Investor's Business Daily.
Does Palantir Technologies Inc. (PLTR) have what it takes to be a top stock pick for momentum investors? Let's find out.
Palantir (PLTR 0.79%) and AMD (AMD -0.75%) serve different segments of the artificial intelligence market.
Baird analysts initiate coverage of the software company at Neutral with a price target of $70.
Palantir's revenue acceleration trend remains intact in Q3, but decelerating customer growth and tougher comps in FY25 could pressure top-line performance. Despite strong Q3 results and high investor optimism, insider selling and potential volatility due to retail investor holdings are additional concerns. So far, Palantir's unique go-to-market strategy and high Rule of 40 score have been able to support its valuation, but maintaining revenue acceleration will be challenging.
Palantir surged 20%, surpassing the $64 target, with a revised price target of $89. Remaining Performance Obligations jumped 58% YoY to $1.57 billion, with long-term RPO surging 95%. Billings increased 50% YoY to $823 million in Q3 2024, showcasing efficient revenue conversion from contracts.
Palantir (PLTR 2.29%) has become one of the leading companies in artificial intelligence (AI), proving the revolutionary technology has incredible utility and value in the real world. With companies further up the value chain reaching gargantuan valuations -- Nvidia's market capitalization is currently about $3.4 trillion -- investors are eager to see AI deliver on its promise.