Mon Dec 09 12:10:00 UTC 2024: ## Palantir’s Nasdaq-100 Inclusion Looms: Is This AI Stock Still a Buy?
**NEW YORK, Dec. 10, 2024** – Palantir Technologies (PLTR) is on the cusp of another major milestone. Already boasting a 300%+ share price increase in 2024, an S&P 500 listing, and a recent move to the Nasdaq exchange, the AI-powered data analytics company is poised for potential inclusion in the Nasdaq-100 index on December 13th.
This inclusion, according to market analysts, could further boost Palantir’s already impressive stock performance. The company’s share price has surged following both its S&P 500 entry and its Nasdaq exchange transition, leading some to anticipate similar gains this time around.
However, despite the positive momentum, analysts caution against solely basing investment decisions on this potential inclusion. While Palantir’s AI Platform (AIP) fuels impressive growth projections and analysts like Dan Ives of Wedbush Securities and Mariana Pérez Mora of Bank of America maintain bullish sentiment, the stock’s valuation remains a significant concern. With a P/S ratio of 63.5 and a forward P/E ratio of 149, some experts believe a pullback is likely, though potentially short-lived.
The recommendation for potential investors is a long-term approach, utilizing dollar-cost averaging to mitigate risk. While the Nasdaq-100 inclusion represents a significant achievement, it’s crucial to consider the broader financial picture and the company’s long-term growth trajectory before investing.
First Piper 