In terms of performance, Palantir Technologies ( PLTR) was one of the hottest stocks of 2024. The stock price soared 340% last year while joining both the S&P 500 and Nasdaq-100 indexes. Given that it has already had such a strong run, investors may be wondering if the stock is still a buy. Let's investigate.

Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024, rising by a staggering 340%. A $15,000 investment in the data analytics stock at the start of the year would have been worth more than $66,

Furthermore, the confidence in the company's financial outlook was reinforced by the fact that its recent earnings was $0.10 compared to analysts' earlier estimate of $0. 08. Palantir's initial public offering went off well, and its stock is positioned fairly comfortably along the 52-week range at $16.03 to $84.80.

Palantir stock has soared more than 700% from its 2020 initial public offering price. Why should we love stocks splits so much? It's true they don't change anything fundamental about a company, meaning you shouldn't buy a stock uniquely because it's splitting its stock.