Palantir Technologies (PLTR) has crushed markets, soaring 52% in 2024. One easily missed reason for the climb is how it’s attracting Big Money activity.
Palantir Stock is Soaring As Volume Rips
Institutional volumes reveal plenty. For 1-year, PLTR has enjoyed heavy Big Money buying, which we believe to be institutional accumulation.
Each green bar signals unusually large volumes in PLTR shares, pushing the stock higher:
Source: www.mapsignals.com
Plenty of industrial names are under accumulation right now. But when you dive into the fundamentals, there’s a powerful tailwind going on with Palantir.
Palantir Fundamental Analysis
Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, PLTR has had positive sales & EPS growth in recent years:
3-year sales growth rate (+27.2%)
3-year EPS growth rate (+45.8%)
Source: FactSet
EPS is estimated to ramp higher this year by +20.3%.
Now it makes sense why the stock has been powering to new heights. Palantir is gaining due to the forward earnings picture.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.
Palantir has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 report only twice. The blue bars below shows when PLTR was a top pick…cutting through the noise.
Source: www.mapsignals.cm
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.
Palantir Price Prediction
The Palantir rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.