Palantir Technologies has been one of the hottest stocks on the market over the past couple of years, clocking eye-popping gains of more than 1,100% as of this writing thanks to its accelerating growth that's being driven by the booming demand for artificial intelligence (AI) enterprise software.

The stock could continue thriving in 2025 ... The Motley Fool has positions in and recommends Axon Enterprise, Bitcoin, and Palantir Technologies. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.

Based on stock price targets, the most bullish analyst on Palantir’s stock could be considered by some to actually be bearish.

Tuesday’s rally in Palantir shares moved the stock above its top Bollinger Band. This signals that the stock is engaging in a new Volatility Rally. These rallies often result in a short, fast and aggressive move higher of 10-15%. Palantir maintains a bullish rating with a price target of $125.

That's more than double peak software-as-a-service (SaaS) multiples from a few years ago when SaaS stocks were growing in the mid-30% range. Meanwhile, Palantir executives, including its CEO, chairman,

Palantir Technologies (PLTR) stock is extending its pullback from all-time highs after its Nasdaq-100 (NDX) debut