The software AI darling Palantir (PLTR) has seen its stock price rise by around 360% over the last twelve months, making it one of the most

We recently published a list of Wall Street Is Focusing on These 10 AI Stocks as New Year Begins. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other stocks Wall Street is focusing on as the new year begins.

Palantir (NASDAQ: PLTR) was one of the best-performing stocks of 2024. The analytics and software management platform for government agencies, the military, and big business soared 340% for the year and sports a market cap of $167 billion as of this writing.

Tuesday’s rally in Palantir shares moved the stock above its top Bollinger Band. This signals that the stock is engaging in a new Volatility Rally. These rallies often result in a short, fast and aggressive move higher of 10-15%. Palantir maintains a bullish rating with a price target of $125.

That's more than double peak software-as-a-service (SaaS) multiples from a few years ago when SaaS stocks were growing in the mid-30% range. Meanwhile, Palantir executives, including its CEO, chairman,

Palantir Technologies (PLTR) stock is extending its pullback from all-time highs after its Nasdaq-100 (NDX) debut