Palantir reported strong financial results for the third quarter, beating estimates on the top and bottom lines. Its customer count rose 39% to 629, and the average existing customer spent 18% more. Revenue increased 30% to $726 million, marking the fifth consecutive acceleration, and non-GAAP net income increased 42% to $0.10 per diluted share.

Based on stock price targets, the most bullish analyst on Palantir’s stock could be considered by some to actually be bearish.

A rate-cutting campaign by the Federal Reserve, a resilient economy and strong corporate earnings provided another solid backdrop for the stock market in 2024. After a stellar 2023, it was a great year for growth stocks in the software space like Palantir Technologies and AppLovin after the S&P 500 and Nasdaq composite confirmed new uptrends in early November 2023 with one-day gains of more than 1.

Shares of Palantir have gained almost 380% this year, and they could still rocket higher by the end of the year.

Wedbush analyst Dan Ives is a big fan of tech stock Palantir ($PLTR). In fact, he even called it the “Messi of AI” (referring to the

With AI as a key market driver, Palantir, AppLovin and Astera Labs made this list of the 100 best stocks. Cava also got a seat at the table.