10 Best Stocks to Invest in for the Next 3 Years

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8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 81

EPS Fwd Long Term Growth (3-5Y CAGR): ~49.1%

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Best Stocks to Invest in for the Next 3 Years. On December 9, BofA analyst Mariana Perez Mora kept a “Buy” rating on the company’s stock, and the firm sees growing strength in Palantir Technologies Inc. (NASDAQ:PLTR)’s defense business. As per the analyst, more defense programs have been moving towards AI and real-time data tools, supporting companies such as Palantir Technologies Inc. (NASDAQ:PLTR) capable of pulling together significant amounts of information and helping with quick decision-making.

According to analyst, the customers need systems working throughout the military, i.e., from planning to logistics to on-the-ground operations. Notably, Palantir Technologies Inc. (NASDAQ:PLTR)’s long experience in such areas provides an edge as demand increases. The spending on defense software and AI is steady, with governments planning for quicker ways to plan missions, track equipment, and manage data. Palantir Technologies Inc. (NASDAQ:PLTR) is well-placed to benefit as defense agencies adopt more AI systems.

In a separate update, the United States Navy announced a groundbreaking partnership with Palantir Technologies Inc. (NASDAQ:PLTR), focused on deploying the company’s Foundry and Artificial Intelligence Platform (AIP) throughout the nation’s Maritime Industrial Base (MIB).

Palantir Technologies Inc. (NASDAQ:PLTR) also announced a 3-year renewal of its contract with the DGSI, which is France’s domestic intelligence agency. This extends the partnership, which has been ongoing for around a decade.

Palantir Technologies Inc. (NASDAQ:PLTR) is engaged in building and deploying software platforms for the intelligence community to assist in counterterrorism investigations and operations.

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