Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
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.
PLTR was added to the Zacks Focus List on March 26, 2024 at $24.51 per share. Since then, shares have increased 282.62% to $93.78.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2025, while the Zacks Consensus Estimate has increased $0 to $0.55. PLTR also boasts an average earnings surprise of 12.7%.
Earnings for Palantir Technologies Inc. are forecasted to see growth of 34.2% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like PLTR offer investors a great opportunity to get 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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