If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to Palantir Technologies Inc. (PLTR)
Denver-based Palantir Technologies was founded in 2003. The company builds and deploys software platforms for the intelligence community to help in counterterrorism investigations and operations across the United States and internationally.
Since being added to the Zacks Focus List on March 26, 2024 at $24.51 per share, shares of PLTR have increased 438.72% to $132.04.
For fiscal 2025, eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $0.59. PLTR boasts an average earnings surprise of 12.7%.
Moreover, analysts are expecting Palantir Technologies Inc.'s earnings to grow 43.9% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like PLTR, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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