Think It's Too Late to Buy Palantir Technologies? Here's Why the Stock Could Still Run Higher.

Core Insights - Palantir Technologies (NASDAQ: PLTR) has experienced a remarkable stock price increase of 2,800% since late 2022, driven by an expanding addressable market and strong revenue growth potential [1][3]. Group 1: Revenue Growth and Market Opportunities - Palantir's revenue growth has accelerated, with management projecting a 50% year-over-year growth for Q3, up from 48% in Q2 [3]. - The company's flagship Artificial Intelligence Platform (AIP), launched in 2023, is significantly driving demand, evidenced by a 93% year-over-year increase in U.S. commercial revenue last quarter [3]. - Palantir is capitalizing on opportunities within the U.S. military sector, particularly with its Warp Speed manufacturing operating system, as the U.S. focuses on shipbuilding [4]. Group 2: Competitive Positioning - Companies are shifting from generic AI tools provided by major hyperscalers to Palantir's AIP for software development, indicating a growing preference for Palantir's specialized solutions [5]. - The company's increasing profits are expected to further enhance its innovation in AI capabilities, thereby expanding its addressable market [5].