Palantir (NYSE: PLTR) has investors interested in the company following phenomenal results in 2024. Read More: Earn up to $845 cash back this year just by changing how you pay at Costco! Learn more here.

Palantir’s Q3 shows strong AI-driven growth and profitability, but its high valuation raises concerns. Explore insights on performance and future potential.

Palantir Technologies helps the government and other clients with big data analytics, which involves analyzing massive volumes of information to discover patterns and actionable insights. It monetizes these services through a software-as-a-service (SaaS) business model,

Revenue growth can be exciting, but what's much more important in the long run is the bottom line. If a company can grow its earnings at a high rate, that can improve its price-to-earnings (P/E) multiple and make the stock a better value buy for investors. This can be particularly key for Palantir, whose P/E ratio is now at around 300.

Palantir's earnings continue to highlight the company's profitability. Read why PLTR stock valuation may seem excessive for some investors.

Shares of AI darling Palantir (NASDAQ:PLTR) went parabolic following the release of some exceptional quarterly earnings results. Now up more than 260% year to date, questions linger as to whether the AI-first big data analytics has what it takes to keep delivering profoundly strong quarters to support its remarkable rally.

Palantir (NYSE: PLTR) was among my favorite holdings when I bought shares during the bear market of 2022. Its ability to deliver insights by applying artificial intelligence (AI) and machine learning to draw conclusions made the company stand out among SaaS stocks.

Palantir Technologies (PLTR) and SoundHound (SOUN) stocks have delivered jaw-dropping returns in 2024. PLTR stock has surged about 242% year-to-date, and SoundHound has outpaced it with a staggering 258% gain.