Why NASDAQ:PLTR is Poised for High Growth.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) is suited for growth investing. Investors should of course do their own research, but we spotted PALANTIR TECHNOLOGIES INC-A showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Why NASDAQ:PLTR may be interesting for canslim investors.

• PALANTIR TECHNOLOGIES INC-A has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 75.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• PALANTIR TECHNOLOGIES INC-A has experienced 36.03% q2q revenue growth, indicating a significant sales increase.
• The EPS of PALANTIR TECHNOLOGIES INC-A has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• PALANTIR TECHNOLOGIES INC-A exhibits a strong Return on Equity (ROE) of 10.59%, indicating the company's ability to generate solid returns on shareholder investments. This metric reflects the company's efficient utilization of equity capital and its profitability.
• PALANTIR TECHNOLOGIES INC-A has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.23 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. PALANTIR TECHNOLOGIES INC-A is well-positioned for potential price growth opportunities.
• Maintaining a Debt-to-Equity ratio of 0.0, PALANTIR TECHNOLOGIES INC-A demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With 44.45% of the total shares held by institutional investors, PALANTIR TECHNOLOGIES INC-A showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Zooming in on the technicals.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Taking everything into account, PLTR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLTR is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that PLTR is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by PLTR over the past year are nicely spread over this period.
• PLTR is part of the Software industry. There are 284 other stocks in this industry. PLTR outperforms 96% of them.
• PLTR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PLTR is leading the market.
• In the last month PLTR has a been trading in the 63.40 - 85.22 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

Our latest full technical report of PLTR contains the most current technical analsysis.

Zooming in on the fundamentals.

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

Overall PLTR gets a fundamental rating of 6 out of 10. We evaluated PLTR against 284 industry peers in the Software industry. PLTR has an excellent financial health rating, but there are some minor concerns on its profitability. PLTR is quite expensive at the moment. It does show a decent growth rate.

Check the latest full fundamental report of PLTR for a complete fundamental analysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.