Why NYSE:PLTR Is a Promising High-Growth Stock in the Midst of Consolidation.

In this article we will dive into PALANTIR TECHNOLOGIES INC-A (NYSE:PLTR) as a possible candidate for growth investing. Investors should always do their own research, but we noticed PALANTIR TECHNOLOGIES INC-A showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

What does the Growth looks like for NYSE:PLTR

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NYSE:PLTR has received a 8 out of 10:

• PLTR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 211.11%, which is quite impressive.
• Looking at the last year, PLTR shows a quite strong growth in Revenue. The Revenue has grown by 17.61% in the last year.
• The Revenue has been growing by 30.17% on average over the past years. This is a very strong growth!
• Based on estimates for the next years, PLTR will show a very strong growth in Earnings Per Share. The EPS will grow by 22.28% on average per year.
• The Revenue is expected to grow by 21.47% on average over the next years. This is a very strong growth

Deciphering NYSE:PLTR's Health Rating

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NYSE:PLTR was assigned a score of 8 for health:

• PLTR has an Altman-Z score of 104.05. This indicates that PLTR is financially healthy and has little risk of bankruptcy at the moment.
• PLTR has a better Altman-Z score (104.05) than 100.00% of its industry peers.
• PLTR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• A Current Ratio of 5.91 indicates that PLTR has no problem at all paying its short term obligations.
• PLTR's Current ratio of 5.91 is amongst the best of the industry. PLTR outperforms 89.82% of its industry peers.
• PLTR has a Quick Ratio of 5.91. This indicates that PLTR is financially healthy and has no problem in meeting its short term obligations.
• PLTR's Quick ratio of 5.91 is amongst the best of the industry. PLTR outperforms 89.82% of its industry peers.

Evaluating Profitability: NYSE:PLTR

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NYSE:PLTR was assigned a score of 5 for profitability:

• With an excellent Return On Assets value of 6.21%, PLTR belongs to the best of the industry, outperforming 82.55% of the companies in the same industry.
• PLTR's Return On Equity of 7.91% is fine compared to the rest of the industry. PLTR outperforms 78.55% of its industry peers.
• PLTR's Return On Invested Capital of 3.83% is fine compared to the rest of the industry. PLTR outperforms 74.18% of its industry peers.
• With an excellent Profit Margin value of 12.79%, PLTR belongs to the best of the industry, outperforming 82.91% of the companies in the same industry.
• PLTR's Operating Margin of 8.43% is fine compared to the rest of the industry. PLTR outperforms 79.27% of its industry peers.
• Looking at the Gross Margin, with a value of 81.16%, PLTR belongs to the top of the industry, outperforming 85.45% of the companies in the same industry.
• PLTR's Gross Margin has improved in the last couple of years.

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:PLTR has a 7 as its setup rating:

PLTR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 21.76. Right above this resistance zone may be a good entry point.

More Strong Growth stocks can be found in our Strong Growth screener.

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

For an up to date full technical analysis you can check the technical report of PLTR

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.