Palantir Stock Just Zoomed Past $150. My Prediction for What Comes Next

One of the best-performing stocks of the last 12 months is Palantir Technologies (NASDAQ: PLTR). It has gone on an incredible run for shareholders in that period with a 436% gain, adding to its whopping 2,300% return since the beginning of 2023. That is a more than 20x return in just two and a half years, making many shareholders rich in the process. The artificial intelligence (AI) company serves many large organizations like the Department of Defense, and it's seeing accelerating revenue growth and huge customer wins.Investors are so bullish that Palantir stock recently zoomed past $150 per share, giving it a market cap of nearly $350 billion. Here's my prediction for what comes next for Palantir Technologies.The first thing that jumps out about Palantir is the company's accelerating momentum at scale. Last quarter, its revenue grew 39% year over year to $884 million, driven by strong domestic sales. U.S. revenue was up 55%, while U.S. commercial revenue (coming from the private sector) growth accelerated to 71% year over year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool