1.
$Palantir Technologies Inc.(PLTR)$ announced its decision to transfer its Class A Common Stock listing from the New York Stock Exchange to the Nasdaq Global Select Market. The company will maintain its ticker symbol 'PLTR' and expects to commence trading on Nasdaq on November 26, 2024. Palantir anticipates meeting the eligibility requirements for inclusion in the Nasdaq-100 Index.
This gives them the potential to be added to one of the world's most popular tech-focused ETFs, the Nasdaq $Invesco QQQ(QQQ)$ .
$Invesco QQQ(QQQ)$ has $318B in AUM. This year alone, they were the 4th largest ETF in terms of inflow with +27.8B added.
$Palantir Technologies Inc.(PLTR)$ rose over 3.55% in after hours market.
2. $Palantir Technologies Inc.(PLTR)$ ‘s Fundmentals
Q3 Earnings Digest: Palantir surge on AI faith @MaverickWealthBuilder
$Palantir Technologies Inc.(PLTR)$ announced yet another upward revision to its annual estimates in its Nov. 4 after-hours earnings report, with shares up more than 12% after hitting an all-time high. Palantir's performance has been particularly impressive against the backdrop of a general market rebound, largely due to its continued innovation in artificial intelligence (AI) and strong support from government spending.
Trump 2.0: 3 Security Stocks to Ensure Investment Success: PLTR, FTNT, AXON @Tiger_Contra
In Q3 earnings, Palantir announced significant growth in both revenue and profit for the first three quarters of the year, with increases of 26% and an astonishing 225%, respectively. Palantir also raised revenue and profit guidance to new highs, driven by optimism surrounding robust government spending and corporate investments in AI.
PLTR: Huge Potential to Buy! @ShayBoloor
Final Thoughts
AI is reshaping every industry, creating a clear divide between companies that merely survive AI and those that leverage it as a growth engine. Palantir’s trajectory mirrors Microsoft’s in ways that make it uniquely poised for growth in the AI era. While the specific industries differ, the core strategies, early positioning, and market dynamics reflect a compelling path forward. As AI becomes ubiquitous, Palantir could become as indispensable in data and AI as Microsoft once was in software -- making $Palantir Technologies Inc.(PLTR)$ a must-hold stock for me, despite its current premium valuation
Why I am Still Bullish on Palantir @TigerOptions
Palantir has cemented itself as a leader in data analytics and AI, with growth and innovation aligning with market demands. While I remain bullish in the long term, I will monitor its near-term price movements closely, particularly around all-time highs, before making further decisions. For now, my strategy is focused on holding shares while cautiously managing options trades to maximize returns during $Palantir Technologies Inc.(PLTR)$ 's anticipated rise.
3. Is $Palantir Technologies Inc.(PLTR)$ a buy hold or sell?
The company's shares have risen more than 244% since the beginning of the year.
Palantir stock has received a consensus rating of hold. The average rating score is and is based on 12 buy ratings, 22 hold ratings, and 18 sell ratings.
Currently, its price was high than the consensus forcast in the comming 12 months. May be the current price need a safe pull back first.
Source: https://www.marketwatch.com/
And $Global X Defense Tech ETF(SHLD)$ , $First Trust US Equity Opportunities ETF(FPX)$ , $ARK Innovation ETF(ARKK)$ , $SoFi Social 50 ETF(SFYF)$ and $ISHARES FUTURE AI & TECH ETF(ARTY)$ are the ETFs with $Palantir Technologies Inc.(PLTR)$ as a top 10 hodlings.
Source:https://www.nasdaq.com/
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