Here Is What You Need To Know Before Investing In Palantir Technologies Inc. (PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 13 Best Booming Stocks to Buy Now. The company specializes in software platforms for data analytics, which are used by government agencies, financial institutions, and several large corporations.

According to reports this week, the Czech National Bank has significantly increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by purchasing an additional 49,135 shares. Analysts believe the increased investment underscores the bank’s commitment to align itself with innovative companies and is a recognition of the importance of making data-driven decisions.

Earlier this month, Palantir Technologies Inc. (NASDAQ:PLTR), together with BlueForge Alliance (BFA), announced the launch of Warp Speed for Warships, a program aimed at accelerating warship production, digital transformation, and speed readiness. The initiative is backed by the U.S. Navy’s Maritime Industrial Base (MIB) Program and builds on the collaboration between PLTR and BFA on powering high-velocity shipbuilding, maintaining a strong fleet, and rebuilding American maritime superiority.

The stock has had impressive returns in 2025, increasing 90.36% year-to-date, as of July 9. However, Wall Street analysts have a consensus Hold rating for Palantir Technologies Inc. (NASDAQ:PLTR) and anticipate a 28% downside in its share price ahead, suggesting that the rally may have stretched too far.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.