Palantir Stock Wins a Rare Buy Rating, Here's Why

Shares of Palantir Technologies (PLTR) have taken investors on a roller-coaster ride since its IPO (initial public offering) in October 2020. Palantir stock touched an all-time closing high of roughly $39 in January 2021, and fell to a record low of $6 in December 2022. 

Today, valued at a market cap of $53 billion, Palantir stock trades just above $24 per share, up 40.7% on a YTD basis.