Prediction: Palantir Will Beat the Market. Here's Why.

Palantir Technologies (NASDAQ: PLTR) already delivered explosive earnings and stock price performances to investors last year. The company's quarterly revenue soared in the double digits, profit reached records, and the stock jumped 340% for the best performance in the S&P 500 (SNPINDEX: ^GSPC).The company reached key milestones too, such as joining that major benchmark, as well as winning a spot in the Nasdaq-100.All of this is thanks to a solid software business built up over 20 years, and in recent times, the company's harnessing of the power of artificial intelligence (AI) to supercharge growth. AI demand may very well be in its early stages -- signaling a lot more growth for Palantir ahead -- but the stock's meteoric rise prompted some analysts and investors to wonder if it was ripe for a pause. Wall Street has been cautious, with the average 12-month price forecast calling for a 29% decline in the stock from the closing price on Feb. 3.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool