Palantir Technologies Inc., headquartered in Denver, Colorado. 
Belter is a leading operating system builder that builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. With a market cap of $187.7 billionThe company offers platforms to integrate, manage and secure data that aid in human-led and machine-assisted interactive analysis.
Companies valued at $10 billion or more are generally described as “large-cap stocks,” and PLTR fits neatly into this category as its market cap exceeds that threshold, reflecting its sheer size, influence, and dominance in the software and infrastructure industry. PLTR’s competitive advantages stem from its Gotham platform, strong relationships with government agencies, and deep industry experience across sectors.
Despite notable strength, PLTR shares have touched down The 52-week high is $84.80 In the last trading session. Over the past three months, PLTR shares have soared Profit 123.3%significantly outperforming the S&P 500 Index’s (SPX) gain of 5.4% over the same time frame.
Longer term, PLTR shares are up 241% over the past six months and are up 373.2% over the past 52 weeks, significantly outpacing the SPX’s six-month gain of 10.9% and 27% return over the past year.
Confirming the uptrend, PLTR has traded above its 200-day moving average over the past year. The stock has been trading above its 50-day moving average since early February, and is seeing some volatility.
PLTR’s recent outperformance can be attributed to its latest innovation, the Artificial Intelligence Platform (AIP), which has enabled it to quickly penetrate the private sector and its collaborations with major technology players such as Amazon.com, Inc. 
AmznAnd Microsoft Corporation 
MSFTThis allows it to expand its business footprint in the market. Moreover, its performance was also driven by strong customer demand, strong sales pipelines, and acquisition of new customers due to the immense popularity of AIP.
On November 4, PLTR reported its third-quarter results, and its shares closed up more than 23% in the following trading session. Its revenue of $725.5 million exceeded Wall Street expectations of $703.7 million. The company’s adjusted earnings per share were $0.10, beating analysts’ estimates of $0.09.
PLTR’s competitor, CrowdStrike Holdings, Inc. 
CRWD It has lagged the stock, with losses of 4.4% over the past six months and gains of 41% over the past 52 weeks.
Wall Street analysts are cautious about PLTR’s prospects. The stock has a consensus rating of “Hold” from the 17 analysts covering it, and an average price target of $42.80.
On the date of publication, Neha Panjwani had no positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data contained in this article are for informational purposes only. For more information, please see Barchart’s Disclosure Policy here.
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