Is PLTR Stock A Buy? Here’s What Technical, Fundamental Analysis Shows About Palantir Stock

There’s plenty for bulls and bears to hash out over Palantir Technologies (PLTR). Bulls point to improved profitability for PLTR stock. Bears focus on decelerating revenue growth for Palantir stock. Then, there’s buzz over artificial intelligence stocks to consider for the maker of data analytics software.

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On the news front, there’s plenty for investors to mull. For one, Palantir has won a new, $178 million U.S. Army contract for project TITAN, a battlefield system using artificial intelligence.

At a customer conference on March 7, Palantir showcased its Artificial Intelligence Platform,” rolled out in early 2023. The AI platform has been gaining traction with commercial customers, Palantir said at the conference. It cited new customers, including General Mills (GIS), CBS and Aramark (ARMK).

“The event featured over 60 customers showcasing their work in AIP,” said Jefferies analyst Brent Thill in a report. Amid the big run-up in PLTR stock, Thill added: “Biggest concern remains valuation at 18 times (estimated) calendar 2025 revenue, making it the most expensive name in our coverage.”

Meanwhile, here’s a look at Palantir’s international business, including how AI is doing in Europe.

Palantir stock jumped after it reported fourth-quarter earnings that met estimates while revenue topped Wall Street targets.

PLTR Stock: Will AI Be A Growth Driver?

As of March 11, PLTR stock had advanced 51% in 2024.

Also, Palantir stock jumped 167% in 2023. The Nasdaq composite climbed 43% while the S&P 500 rose 24%.

Further, Palantir is among AI stocks to watch.

PLTR stock bulls point to artificial intelligence software as a growth driver. Palantir has already mined the AI opportunity with government customers for intelligence gathering, counterterrorism and military purposes.

Now Palantir aims to use generative AI to spur growth in the commercial market. The software maker has expanded into health care, energy and manufacturing.

Palantir has not disclosed pricing for…