Palantir Stock To Join Nasdaq 100 Index. Is Palantir Stock A Buy Amid High Valuation?

Autor:	KRAUSE, REINHARDT (AUTHOR)
Předmět:	NASDAQ Stock Market, STOCKS (Finance), GENERATIVE artificial intelligence, NASDAQ 100 index, INVESTORS, GROWTH stocks
Zdroj:	Investors Business Daily. 12/16/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	Palantir Technologies (PLTR) stock has seen significant gains in 2024, with a 343% increase, following Donald Trump's election win and a third-quarter earnings beat. The company will join the Nasdaq 100 index on Dec. 23, after already being included in the S&P 500 index in September. Palantir focuses on data analytics software and artificial intelligence, with a strong presence in government agencies and plans to expand into the commercial market. Despite concerns about valuation, Palantir stock ranks highly on the IBD 50 roster of growth stocks and has shown outperformance compared to other software companies. [Extracted from the article]
Databáze:	Regional Business News
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