What's more, both companies reported almost identical growth rates in their latest quarters. While Palantir's revenue increased 30% year over year to $726 million in the third quarter of 2024 to $726 million, C3.ai's top line jumped 29% year over year to $94 million in its fiscal 2025 second quarter, which ended on Oct. 31.

The stock also benefited significantly from a bullish report from Wedbush analyst Dan Ives, who raised the company's target price from $10 to $22. Palantir Technologies' (NASDAQ: PLTR) stock posted remarkable gains of almost 385% in 2024,

Tuesday’s rally in Palantir shares moved the stock above its top Bollinger Band. This signals that the stock is engaging in a new Volatility Rally. These rallies often result in a short, fast and aggressive move higher of 10-15%. Palantir maintains a bullish rating with a price target of $125.

Palantir Technologies (NASDAQ:PLTR) has experienced a remarkable surge in its valuation this year, with the company’s stock price rocketing more than 330% year-to-date at the time of writing. This incredible upside has been driven by improving growth expectations for companies like Palantir focused on developing its artificial intelligence platform and expanding its customer base.

Palantir Technologies (NASDAQ: PLTR) has taken the market by storm in 2024. Share prices of the artificial intelligence (AI)-focused data fusion specialist are up 332% year-to-date through Dec. 19. The stock soared as its revenue growth accelerated over the last five quarters and its profit margins expanded significantly.

Palantir Technologies Inc (NASDAQ:PLTR) shares are hitting new 52-week highs on Tuesday. Here's a look at what's going on.

Without a doubt, 2024 has been a fantastic year for Palantir Technologies ( PLTR 3.78%) and its shareholders. Yet as the year draws to a close, you may be wondering where Palantir stock will be one year from now. Here's what I think is most likely to happen.

Along with many smaller defense technology firms, Musk has been heavily critical of legacy defense programs such as Lockheed Martin’s F-35 fighter jet, which is set to cost the U.S. government an estimated $1.7 trillion over its lifetime. As an alternative, he has called for the mass production of cheaper AI-powered drones, missiles and submarines.

Palantir Technologies, the artificial intelligence-software company whose biggest customer is the U.S. government, won new contracts with the Army worth up to $619 million. Shares are rising. The stock added 1.

The promises of artificial intelligence and the rally in crypto prices were the main drivers of the best-performing tech stocks of 2024.

Palantir Technologies (PLTR) and Anduril Industries are spearheading negotiations to create a consortium of tech companies, with plans to collaboratively pursue Pentagon defense contracts, according to a Financial Times report.

While Palantir's early days as a public company were pretty rocky, the company has really come into its own over the last two years. Of course, Palantir can credit its current growth trajectory to unprecedented demand for AI. But with shares gaining 764% since its initial public offering (IPO), is now a smart time to invest in Palantir?