Palantir Technologies Inc. (PLTR) Boasts Earnings & Price Momentum: Should You Buy?

Core Insights - The Zacks Focus List is a curated portfolio of 50 stocks expected to outperform the market over the next 12 months [3] - The Focus List has demonstrated strong past performance, gaining 13.85% in 2020 compared to the S&P 500's 9.38%, and a cumulative return of 2,519.23% since February 1, 1996 [5] - The selection methodology relies on earnings estimate revisions, which are crucial for predicting future stock performance [6][7] Focus List Methodology - Stocks are selected based on the power of earnings estimate revisions, with brokerage analysts evaluating factors affecting future earnings [6] - The Zacks Rank, a proprietary stock-rating model, utilizes changes in quarterly earnings expectations to help build a winning portfolio [8] - The Focus List consists of stocks ranked 1 (Strong Buy) or 2 (Buy), indicating a bullish earnings consensus among analysts [9] Spotlight on Palantir Technologies Inc. - Palantir Technologies, a 2 (Buy) stock, was added to the Focus List on March 26, 2024, at $24.51 per share, and has since increased by 624.48% to $177.57 [12] - In the last 60 days, 10 analysts revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.07 to $0.65 [13] - Palantir's earnings are projected to grow by 58.5% for the current fiscal year, with an average earnings surprise of 13.2% [13]