Palantir Keeps Flashing Rare Bullish Signals

PLTR develops data integration and software solutions, offering automotive, financial compliance, legal intelligence, mergers and acquisitions assistance, and more. Organizations keep adopting PLTR’s AI platform, with the company generating an 83% year-over-year gain in customers. Plus, the customer base is broadening beyond government contracts as demand for insights on how to tap AI technology increases.

Governmental revenue grew from $345.5 million in 2019 to more than $1.2 billion in 2023, which is impressive. Even better, its commercial segment revenue growth nearly tripled, going from $397 million in 2019 to about $1 billion last year.

It’s no wonder PLTR shares are up 89% this year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.

Big Money Buying Palantir Shares

Institutional volumes reveal plenty. In the last year, PLTR has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in PLTR shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Palantir.

Palantir Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, PLTR has strong sales and earnings growth:

• 3-year sales growth rate (+27.2%)
• 3-year earnings growth rate (+45.8%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +19.1%.

Now it makes sense why the stock has been powering to new heights. PLTR has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Palantir has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year, with more potentially on the horizon. The blue bars below show when PLTR was a top pick…driving shares higher:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Palantir Price Prediction

The PLTR rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in PLTR at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.