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Wednesday, February 21, 2024

Palantir Technologies Stock Sees Its Composite Rating Rise To 96

Palantir Technologies Stock Sees Its Composite Rating Rise To 96

Palantir Technologies (PLTR) the stock saw its IBD SmartSelect Composite Assessment increase to 96 on Friday, compared to 94 the day before. The computer software stock also sports a Relative Strength Index of 96.


The new rating shows that the stock outperforms 96% of all stocks when it comes to the most important stock picking criteria. Winning stocks often have a rating of 95 or higher at the start of a new price rally, so it’s a good item to have on your checklist when researching the best stocks to buy and watch.

Palantir Technologies stock broke out in mid-November, but fell back below its 50-day moving average. The stock is currently not close to a true buy zone. Look for the stock to form and exit a new chart pattern.

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Palantir Technologies stock earns an EPS rating of 84, meaning its recent quarterly and longer-term annual earnings growth beats 84% โ€‹โ€‹of all stocks.

Its Accumulation/Distribution grade of B- shows moderate buying by institutional investors over the past 13 weeks.

PLTR results

The computer software company announced a 600% increase in third-quarter profits. Sales growth climbed 17%, compared to 13% in the previous quarter. This represents a quarter of the acceleration in income gains.

Palantir Technologies stock ranks number 18 among its peers in the Enterprise Computer Software industry group. Data Dog (DOG), JFrog (FROG) And Cloud Flare (NET) are among the 5 best-rated stocks in the group.


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