Palantir Technologies' (NYSE: PLTR) stock price has rallied about 50% this year as the data analytics company dazzled the bulls with its accelerating revenue growth and soaring profits. Its revenue rose 17% in 2023, and it expects 20%-21% growth in 2024 as its government business stabilizes and its U.S. commercial business accelerates. It's also stayed profitable for six consecutive quarters, and analysts anticipate 71% earnings growth this year.

From 2023 to 2026, analysts expect Palantir to grow its revenue at a compound annual growth rate (CAGR) of 20% as its EPS increases at a CAGR of 56%. That rosy outlook, along with Palantir's growth potential in the AI market, drove its stock higher.

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Source Fool.com