Should You Forget Palantir and Buy These 2 Tech Stocks Instead?
Accenture and AppLovin aren't as richly valued as the AI analytics leader yet.
Palantir Technologies' (NASDAQ: PLTR) stock has soared about 360% over the past 12 months. The bulls rushed back to the artificial intelligence (AI)-driven analytics company as its revenue growth accelerated and its profits surged. Its inclusion in the list of stocks on the S&P 500 and Nasdaq-100 indexes in the fourth quarter, along with hopes for lower interest rates, amplified those gains.
Palantir's revenue rose 17% in 2023 and 29% in 2024, and it expects 31% growth in 2025. It also turned profitable in 2023 and more than doubled its EPS in 2024, and analysts expect 63% growth in 2025.
That explosive growth is being driven by the rapid expansion of its U.S. commercial business, a reliable stream of government contracts, and the rising usage of its analytics platform to support new generative AI applications.
