Up 85% This Year, Can Palantir Technologies Stock Continue Soaring?
Unstoppable. That's the word that comes to mind in describing how Palantir Technologies (NASDAQ: PLTR) stock performed in recent years. Since 2023, the stock has generated incredible returns of more than 2,100%. During that time frame, a $5,000 investment into the data analytics company would have grown to more than $110,000. Palantir has done well in growing its operations. Its artificial intelligence (AI) platform is a big hit with customers, helping them improve efficiency in their day-to-day operations and save time and money along the way. The AI stock also benefited from a lot of hype and excitement from retail investors.Shares of Palantir have hit new highs this week and are up around 85% year to date. But can there still be room for even more gains?Continue reading
Unstoppable. That's the word that comes to mind in describing how Palantir Technologies (NASDAQ: PLTR) stock performed in recent years. Since 2023, the stock has generated incredible returns of more than 2,100%. During that time frame, a $5,000 investment into the data analytics company would have grown to more than $110,000.
Palantir has done well in growing its operations. Its artificial intelligence (AI) platform is a big hit with customers, helping them improve efficiency in their day-to-day operations and save time and money along the way. The AI stock also benefited from a lot of hype and excitement from retail investors.
Shares of Palantir have hit new highs this week and are up around 85% year to date. But can there still be room for even more gains?
