3 Promising Numbers That Suggest Palantir's Stock Could Continue Rising This Year
Share prices of data analysis company Palantir Technologies (NYSE: PLTR) are up 25% this year after a brutal performance in 2022 when the stock crashed 65%. I'm confident this is more than just a short-lived rally, as Palantir's business looks to be in strong shape. The company's recent quarterly results suggest that it could have more room to run.
Here are three reasons more growth is likely ahead for the business and now may be a good time to buy the stock.
Over the past several months, many businesses struggled and scaled back expenses as concerns rose that a recession may be on the horizon this year. But Palantir's business continued to consistently add to its customer count, suggesting that it is more resilient to the effects of inflation than other businesses.
Source Fool.com
