PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) – A Strong Growth Stock Meeting Minervini’s Criteria

PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s strong technical setup and accelerating fundamentals make it a candidate worth examining for growth-focused investors.

Why PLTR Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends with improving fundamentals. PLTR meets these criteria:

• Price Above Key Moving Averages:

  • Current price ($117.30) is well above the 50-day ($94.01), 150-day ($78.20), and 200-day ($66.62) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.

• Strong Relative Strength:

  • PLTR’s ChartMill Relative Strength (CRS) is 99.56, meaning it outperforms nearly all stocks in the market.

• Price Near 52-Week High:

  • Trading at $117.30, PLTR is within 6.5% of its 52-week high ($125.41).
  • The stock is up 469% over the past year, demonstrating sustained upward momentum.

• Trending Moving Averages:

  • The 200-day MA is rising, reinforcing long-term strength.

High Growth Fundamentals

Beyond technicals, PLTR shows strong growth metrics:

• Earnings Growth:

  • EPS (TTM) grew 64.3% year-over-year.
  • Quarterly EPS growth accelerated, with the last quarter up 62.5%.

• Revenue Expansion:

  • Revenue (TTM) increased 33.5% year-over-year.
  • Quarterly sales growth was 39.3%, with consistent beats on revenue estimates.

• Profitability Improvements:

  • Profit margins expanded to 24.2% in the latest quarter, up from 9.5% a year ago.
  • Free cash flow surged 281% over the past year.

• Analyst Upgrades:

  • EPS and revenue estimates for next year have been revised upward by 17% over the past three months.

Technical Report Summary

PLTR’s technical rating is a perfect 10, reflecting its strong uptrend and market leadership. However, the setup rating is currently 3, suggesting the stock may need a consolidation phase before presenting an optimal entry point.

For a deeper analysis, review the full technical report.

Our High Growth Momentum + Trend Template screener lists more high-growth stocks meeting Minervini’s criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.