Is Palantir Stock a Buy Now?

In terms of performance, Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024. The stock price soared 340% last year while joining both the S&P 500 and Nasdaq-100 indexes. Given that it has already had such a strong run, investors may be wondering if the stock is still a buy.Let's investigate.Palantir originally made its mark as a data gathering and analytics vendor primarily serving the U.S. government. Its technology was able to detect patterns, particularly in the area of money flow, that were not easily recognizable and make predictions based on those patterns. This made it an ideal counterterrorism tool. Today, Ukraine is using Palantir's technology in its war against Russia to monitor troop movements and help identify targets like tanks and artillery. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool