3 Hypergrowth Stocks to Buy in 2024 and Beyond [Yahoo! Finance]
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Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
But over the following two years, many of those stocks crumbled as rising rates compressed their valuations, highlighted their losses, and drove investors toward more conservative investments. But today, many of those hypergrowth stocks look reasonably valued relative to their growth. I believe three of those names -- Palantir (NYSE: PLTR) Symbotic (NASDAQ: SYM) , and SentinelOne (NYSE: S) -- are still worth buying right now. 1. Palantir Palantir develops data mining and analytics tools for government agencies and large enterprise customers. Its artificial intelligence (AI)-driven services can be used to aggregate data from disparate sources to help organizations make more efficient decisions. Palantir's revenue rose 24% in 2022 and 17% to $2.2 billion in 2023, but it fell short of its original goal of growing its revenue by at least 30% annually through 2025. It mainly blamed that slowdown on uneven government spending and macro headwinds for its commercial business. Howeve
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News
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PLTR
Earnings
- 5/6/24 - Beat
PLTR
Sec Filings
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- 6/21/24 - Form 4
- PLTR's page on the SEC website