Kickstarting your investment journey can be both exciting and scary at the same time, and if you’re new to investing, you may not know where to even begin. However, one thing is for certain — stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let’s take a deep dive into a great stock that could be just the right addition to your portfolio.
Denver-based Palantir Technologies was founded in 2003. The company builds and deploys software platforms for the intelligence community to help in counterterrorism investigations and operations across the United States and internationally.
On March 26, 2024, PLTR was added to the Zacks Focus List at $24.51 per share. Shares have increased 488.54% to $144.25 since then.
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Eight analysts revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0.03 to $0.58. PLTR also boasts an average earnings surprise of 12.7%.
Moreover, analysts are expecting Palantir Technologies Inc.’s earnings to grow 41.5% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like PLTR, there’s a great chance you’ll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
