Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
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.
On March 26, 2024, PLTR was added to the Zacks Focus List at $24.51 per share. Shares have increased 217.58% to $77.84 since then.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.01 to $0.56. PLTR boasts an average earnings surprise of 12.7%.
Earnings for Palantir Technologies Inc. are forecasted to see growth of 36.6% for the current fiscal year as well.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like PLTR, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead 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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