2024 is a year full of milestones for Palantir, and next week's important announcements are likely to reach another climax

2024 was a brilliant year for Palantir Technologies (PLTR -5.08%). As one of the key platforms driving the wave of artificial intelligence (AI), this company has attracted a lot of attention. Its stock price has soared by more than 300% this year, and it is also ranked in the S&P 500 index.
However, 2024 is coming to an end, and Palantir probably still has one last “killer weapon” hidden. Next, let's discuss why December 13 is significant for Palantir investors and whether this is a good time to buy the stock. December 13, another important moment for Palantir?
This year, December 13th coincides with Friday. Although “Black Friday” is often associated with bad luck and superstition, there may be more good news for Palantir's investors. Next Friday, the Nasdaq 100 index will be readjusted. This means that a new batch of companies will be included in this high-profile index to replace stocks that are no longer eligible.
This is significant for Palantir, as the NASDAQ 100 generally represents high-growth stocks and potential opportunities to surpass the S&P 500. As early as September 6, Palantir announced its official entry into the S&P 500 index. Since that day, by the close of trading on December 5, its stock price had surged 138%. A few months later, Palantir announced the transfer of the stock exchange market from the New York Stock Exchange (NYSE) to NASDAQ. In just seven trading days from the official turnaround on November 26 to December 5, Palantir's stock price increased by about 10%.
In a related announcement, management stated: “After the transition, Palantir is expected to meet the eligibility requirements for the Nasdaq 100 Index.” Although historical performance does not guarantee future earnings, looking back at Palantir's performance after joining the S&P 500 and the NASDAQ, it can be roughly speculated that if it is included in the NASDAQ 100, the stock price may reach another high.
While reaching the NASDAQ 100 is a proud milestone, this achievement alone is not a reason to buy. Investors should also comprehensively consider the company's growth prospects, Wall Street's views, and valuation levels.
Judging from growth prospects and market views, Palantir is likely to continue to increase revenue growth, expand profit margins, and achieve higher profitability in the next few years. The main driver behind this growth is its artificial intelligence platform (AIP). Over the past few years, this platform has become a game changer for Palantir.
It's worth noting, however, that Palantir's current valuation is indeed overrated. For example, its price-sales ratio (P/S) is as high as 63.5 times, and its forward price-earnings ratio (P/E) has reached 149 times. This valuation is clearly not reasonable enough.
In my opinion, Palantir's stock price has risen too much, and there may be some correction in the short term. However, this pullback is more likely to be due to a return in investors' profits rather than a panic sell-off caused by the company facing a crisis.
Overall, the potential inclusion of the NASDAQ 100 is exciting, but this is just one point in Palantir's many future achievements. Investors should look at it from a long-term perspective and spread risk through fixed investment strategies to maximize returns.

I'd like to dedicate the previous article to a good company that you can easily read through all the nonsense, but forget it... I'm empty, nothing is wrong... there are no trading suggestions!! Otherwise, be proud of the consequences 😎

One step at a time when talking nonsense