Palantir Stock Bolts Back Into Buy Range. Now Comes This.

Core Insights - Palantir Technologies has reached a record high stock price, driven by its strong performance in the artificial intelligence sector and recent market trends [1][2][3] Financial Performance - Over the last eight quarters, Palantir has achieved quarterly sales growth between 17% and 48%, culminating in a 48% year-over-year sales increase to just over $1 billion [3] - Earnings rose by 78% to 16 cents per share, with Wall Street forecasting a 68% earnings surge to 17 cents per share for the upcoming report on November 3 [4] Market Position - Palantir has secured spots on several prestigious lists, including the IBD 50, IBD Big Cap 20, and IBD Sector Leaders, indicating its strong market position alongside other AI leaders like Nvidia and Alphabet [2] - The stock is currently trading within a buy range of 185.75 to 195.04, having shown resilience after an initial breakout [5] Stock Movement - Shares of Palantir have increased over 3% at the start of the week, reflecting positive investor sentiment ahead of the earnings report [6]