Palantir Technologies Inc. (PLTR) closed the latest trading day at $36.83, indicating a +1.24% change from the previous session's end. This move lagged the S&P 500's daily gain of 1.7%. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%.The the stock of company has risen by 11.8% in the past month, leading the Business Services sector's gain of 6.45% and the S&P 500's gain of 1.27%.Market participants will be closely following the financial results of Palantir Technologies Inc. in its ...

2024 has been a banner year for Palantir Technologies Inc. (PLTR, Financial). It will soon be part of the S&P 500, a remarkable milestone for any company. Investors who were patient enough to ride the wave have been handsomely rewarded, with the stock up more than 100% year to date. With all this upward momentum, a natural question arises: Have I missed the boat on Palantir?About PalantirPalantir builds and deploys software platforms that function as central operating systems for its customers, focusing on ...

This AI company could reach trillions of dollars in market capitalization.Artificial intelligence (AI) is probably one of the biggest trends that will change our daily lives in the coming decades. While AI is still in its early development stage, companies like Nvidia and Palantir have already seen an impact on their business growth in recent quarters.Still, some winners have yet to make money from selling AI-related services and products but are well-positioned to do so in the future. Tesla (TSLA -0.29%), ...

One analyst believes the high-flying AI company is still "misunderstood."The artificial intelligence revolution has been a mixed bag for software companies. While software stocks that harness the power of large language models (LLMs) have the potential to accelerate revenues, AI also gives software customers the potential to "do-it-yourself."For instance, private buy-now-pay-later company Klarna recently announced it would attempt to get rid of its Salesforce and Workday software in lieu of building its own ...

After Palantir Technologies (NYSE: PLTR) stock joined the exclusive society of the S&P 500 index, things seem to be going great for the shares of the big data analytics software company, which have just hit their new all-time high (ATH) price of $36.45, breaking its 2021 record.Specifically, Palantir stock is currently trading more than 54% above its 100-day simple moving average (SMA), “the farthest it’s been since February,” according to the observations shared by the stock market analytics platform Trend ...

As Palantir Technologies’ (NYSE: PLTR) share price establishes itself convincingly above the $30 support, market attention remains focused on whether the equity has further upside ahead.The stock has recently been dominated by bullish sentiment, mainly due to the company’s involvement in artificial intelligence (AI), inclusion in the coveted S&P 500 index, and impressive Q2 2024 earnings results.During the second quarter, the software giant recorded a 41% growth in customer count to 593, while revenue incre ...

After listening to the enterprise AI specialist's latest earnings call, I have some concerns over where the company is headed.Palantir Technologies (PLTR 2.02%) and C3.ai (AI 1.22%) can't seem to distance themselves from one another. Both companies develop enterprise software platforms that are rooted in artificial intelligence (AI). Moreover, public sector agencies are widely touted as users of their generative AI infrastructure offerings.I've long been a champion of Palantir as an investment, but I've rem ...

Though things appeared dire for Palantir (NYSE: PLTR) at the start of September as it was hit with the same downward pressure that saw the stock market erase more than $1 trillion in the first week of the month, the discussion surrounding the technology company has since turned bullish.A major reason for the change in tune has been the announcement that PLTR is set to join the S&P 500 index on September 23, a move that is bound to both increase the stock’s visibility and cement its position as a major Ameri ...

Palantir Technologies, Inc. PLTR held its 5th AIPCon last week, which was live-streamed on Thursday, and a bullish analyst came away from the conference impressed.The Palantir Analyst: BofA Securities analyst Mariana Perez Mora reiterated a Buy rating and $50 price target for the stock, which suggests an upside potential of about 38%.The Palantir Thesis: Palantir CEO Alex Karp kicked off the meeting by relaying excitement over Palantir’s inclusion in the prestigious S&P 500 Index and stating that the event ...

There is a lot of momentum with this stock, but that doesn't necessarily mean it is a buy.It's been a good year for investors in Palantir Technologies (PLTR 1.32%). The defense contractor that focuses on software and artificial intelligence (AI) is up over 100% year to date and now has a market capitalization of $80 billion.Revenue is accelerating, and the company is starting to generate positive earnings and free cash flow. Investors are getting bullish on the company's push to acquire commercial customers ...