Palantir Technologies Driving Success Across Industries

PLTR’s data integration and software solutions help businesses and governmental organizations make sense of loads of complex data. It has two main platforms – Gotham (government) and Foundry (business) – that integrate data into the real world with the help of AI. The Foundry platform helped achieve $200 million in savings for a large food company, with $40 million saved via logistics optimization. Also, customers have experienced a 30% drop in expenses for supply chain, inventory management, and procurement processes.

Palantir’s third-quarter fiscal 2024 earnings revealed a 30% year-over-year revenue jump, which was driven mostly by gains in the U.S. and from AI. It had adjusted quarterly per-share earnings of $0.10 and has plenty of cash and equivalents on hand ($4.6 billion) to fund future growth. PLTR expects $767 million to $771 million in fourth- quarter revenue and raised full year revenue guidance to a high end of over $2.8 billion.

It’s no wonder PLTR shares are up 350% 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 Loves Palantir

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 +23.5%.

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…sending shares upward:

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.