PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) – A High-Growth Momentum Stock with Strong Technical Setup

PALANTIR TECHNOLOGIES INC-A (NASDAQ:PLTR) stands out as a high-growth momentum candidate with a favorable technical setup. The company, known for its data analytics and artificial intelligence platforms, has demonstrated strong earnings and revenue growth while maintaining a technically sound chart pattern.

Growth Momentum Highlights

PLTR’s High Growth Momentum Rating of 7 reflects accelerating fundamentals:

• Earnings Growth: EPS grew 64.3% over the past year, with recent quarterly growth rates of 62.5% (Q2Q) and 75% (prior quarter).
• Revenue Expansion: Sales increased 33.5% (TTM), with consistent beats on estimates (4 out of 4 quarters).
• Profit Margins: Quarterly profit margins expanded to 24.2%, up from 9.5% a year ago.
• Analyst Revisions: Upward revisions for next-year EPS (+3.5%) and revenue (+3.3%) signal continued optimism.
• Free Cash Flow: FCF surged 281% year-over-year, reinforcing financial strength.

Technical Strength & Setup

PLTR’s technical profile is equally compelling:

• Technical Rating (10/10): The stock is in a strong uptrend across short and long-term timeframes, outperforming 97% of software industry peers.
• Setup Quality (8/10): Recent consolidation between $124.80 - $148.22 suggests a potential breakout. Support levels are well-defined near $134.52 and $119.90, while resistance sits at $144.26.
• Relative Strength: PLTR ranks in the top 1% of stocks over the past year, with a 398% 12-month gain.

For a deeper technical breakdown, review the full technical report here.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar growth and technical characteristics.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making investment decisions.