The software AI darling Palantir (PLTR) has seen its stock price rise by around 360% over the last twelve months, making it one of the most

Palantir (NASDAQ: PLTR) was one of the best-performing stocks of 2024. The analytics and software management platform for government agencies, the military, and big business soared 340% for the year and sports a market cap of $167 billion as of this writing.

We recently published a list of Wall Street Is Focusing on These 10 AI Stocks as New Year Begins. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other stocks Wall Street is focusing on as the new year begins.

Shares of Palantir Technologies (PLTR) and Broadcom (AVGO) delivered impressive returns in 2024. These technology companies have seen their shares more than double, substantially outperforming the S&P 500 Index ($SPX).

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