Palantir’s Remarkable 2024 and a Key Upcoming Milestone

Palantir’s Remarkable 2024 and a Key Upcoming Milestone

Palantir Technologies (NASDAQ: PLTR) has had an exceptional year, with its stock surging over 300% in 2024. The company’s role in the AI revolution and its inclusion in the S&P 500 have made it one of the most talked-about stocks. Now, another significant milestone could be on the horizon.

Why Dec. 13 Matters

On Dec. 13, the Nasdaq-100 index will be reconstituted, potentially opening the door for Palantir to join this prestigious list of growth-focused companies. Since moving its stock listing from the New York Stock Exchange to the Nasdaq on Nov. 26, Palantir’s shares have risen about 10% in just seven trading days.

Will Palantir Be Added?

Palantir’s management has indicated that the company meets the eligibility criteria for the Nasdaq-100. The stock’s strong performance following its inclusion in the S&P 500 earlier this year suggests a similar boost could occur if it earns a spot on the Nasdaq-100.

Should Investors Buy Palantir?

While joining the Nasdaq-100 would be a notable milestone, it doesn’t automatically make Palantir a buy. Investors should focus on the company’s growth outlook, Wall Street’s projections, and its valuation before making investment decisions.

In summary, Dec. 13 could bring more momentum for Palantir, but a deeper analysis is essential for long-term investment considerations.