Palantir (NYSE: PLTR) stock has been on fire lately.

Since the company reported its second-quarter 2024 results last week, the stock is up by 25% as of this writing, thanks to its solid growth of 27% on top line . The company also raised its full-year guidance, suggesting the current momentum will continue.

Current shareholders are rightfully delighted by the stock's performance. But for those who have yet to buy shares, is now a good time to jump in given Palantir's solid performance?

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Source Fool.com