PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) – A Strong Contender for CANSLIM Investors

PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) emerged from our CANSLIM stock screen as a standout candidate. The company’s strong earnings growth, high relative strength, and solid fundamentals align well with the CANSLIM strategy. Below, we examine why PLTR fits this growth-focused approach.

Why PLTR Fits the CANSLIM Criteria

• Current Earnings Growth (C): PLTR reported a 62.5% year-over-year EPS growth in its latest quarter, well above the CANSLIM threshold of 20%. Revenue growth was also strong at 39.3%, indicating accelerating demand.
• Annual Earnings Growth (A): The company’s 3-year EPS growth rate of 43.1% demonstrates sustained profitability, exceeding the 25% minimum recommended by CANSLIM.
• New Highs & Leadership (N & L): PLTR is trading near its 52-week high and boasts a relative strength of 99.35, meaning it outperforms nearly all stocks in the market.
• Institutional Sponsorship (I): Institutional ownership stands at 55.7%, showing interest from larger investors without being overly saturated.
• Supply & Demand (S): With no debt and strong liquidity metrics, PLTR maintains a healthy balance sheet.

Technical and Fundamental Highlights

• Technical Strength: PLTR’s price action shows a clear uptrend, supported by rising moving averages. The stock has gained 479.7% over the past year, reflecting strong momentum.
• Valuation Considerations: While PLTR trades at a high P/E ratio, its growth trajectory may justify the premium. The company’s return on equity (10.5%) and profit margins (18.3%) are competitive within the software industry.

For a deeper look, review the full fundamental analysis and technical report.

Our CANSLIM High Growth screener lists more stocks meeting these criteria and is updated daily.

Disclaimer

This is not investing advice! The article highlights observations at the time of writing, but you should always conduct your own analysis before making investment decisions.