Palantir Technologies Inc Stock News

Palantir's growth is accelerating again and its profits are rising. BigBear.ai is still trying to stabilize its shaky business.

Although the stock market continues to struggle with bearish sentiment, and the weaker-than-expected labor market report failed to ease investors' fears about the United States economy, some stocks have the potential to join the exclusive society of the S&P 500 index (SPY) next year.

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Amid a successful year for Palantir Technologies (NYSE: PLTR), during which its stock increased by nearly 85%, chances are, it may soon join the exclusive society of companies in the S&P 500 stock index (SPY), taking into account that it meets most, if not all, of the relevant criteria.

Palantir Technologies Inc. NYSE: PLTR continues to be one of the most discussed and polarizing stocks in 2024. The stock hit a 52-week high of $33.13 in late August but has fallen more than 10% as part of the broad market correction.

Wall Street analysts don't expect Palantir stock to jump higher over the coming year. The stock's rich valuation may be the reason behind analysts' skepticism, but investors need to look at the bigger picture.

A lot has been spoken about the “September Effect” when most investors see their portfolios plunge.