PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) – A Strong Growth Stock with Technical Breakout Potential

PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) was identified by our screener as a strong growth stock exhibiting a favorable technical setup. The company combines robust growth fundamentals with a bullish price pattern, making it worth a closer look.

Strong Growth Fundamentals

PLTR’s fundamental report highlights several key strengths:

• High Growth Rating (9/10): Revenue grew by 33.45% over the past year, with earnings per share (EPS) surging 64.29%. Future estimates suggest continued growth, with EPS expected to rise by 38.39% annually.
• Solid Financial Health (8/10): The company has no debt, a strong current ratio of 6.49, and an Altman-Z score of 148.77, indicating low bankruptcy risk.
• Profitability (6/10): While margins are improving, PLTR maintains an 80.01% gross margin, outperforming most peers in the software industry.

Technical Breakout Setup

The technical analysis report assigns PLTR a top rating of 10/10, supported by:

• Positive Trends: Both short-term and long-term trends are upward, with the stock trading near its 52-week high.
• Strong Relative Strength: PLTR outperforms 98% of its software industry peers and 99% of all stocks over the past year.
• Consolidation Near Highs: Recent price action shows reduced volatility, with potential for a breakout above $140. Support levels are well-defined around $126.47-$128.28.

Why This Combination Matters

Growth stocks with strong technical setups often present attractive opportunities. PLTR’s fundamentals suggest sustained expansion, while its chart indicates bullish momentum. Investors may watch for a confirmed breakout above resistance as a potential entry signal.

For more stocks with similar characteristics, check our Strong Growth Stocks with Good Technical Setup Ratings.
Review PLTR’s full fundamental analysis and technical analysis for deeper insights.

Disclaimer

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