Here's Why Palantir Technologies Inc. (PLTR) is a Strong Momentum Stock

Core Viewpoint - Zacks Premium provides tools and resources to help investors make informed decisions and invest confidently in the stock market [1]. Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, serving as complementary indicators to the Zacks Rank [2]. - Stocks are rated from A to F, with A indicating the highest potential for outperforming the market [3]. Value Score - The Value Style Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3]. Growth Score - The Growth Style Score assesses a company's financial strength and future outlook based on projected and historical earnings, sales, and cash flow [4]. Momentum Score - The Momentum Style Score evaluates trends in stock prices and earnings estimates to identify favorable investment opportunities [5]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with attractive value, growth potential, and momentum [6]. Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building [7]. - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +23.93% since 1988, significantly outperforming the S&P 500 [8]. Stock Selection Strategy - Investors should prioritize stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [9]. - Stocks with lower ranks, even if they have good Style Scores, may still face declining earnings forecasts, increasing the risk of price drops [10]. Company Spotlight: Palantir Technologies Inc. - Palantir Technologies, founded in 2003, specializes in software platforms for the intelligence community [11]. - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong potential [11]. - Palantir's shares have increased by 4.7% over the past four weeks, and it has a Momentum Style Score of A [12]. - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate increasing by $0.01 to $0.67 per share, alongside an average earnings surprise of +16.3% [12].