15 Best Aggressive Growth Stocks to Buy Right Now

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13. Palantir Technologies Inc. (NASDAQ:PLTR)

Year-Over-Year Revenue Growth: 47.23%

Number of Hedge Fund Holders: 78

Palantir Technologies Inc. (NASDAQ:PLTR) ranks among the best aggressive growth stocks to buy right now. On November 5, DA Davidson increased its price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $170 to $215 and kept a Neutral rating.

The research firm noted that Palantir Technologies Inc. (NASDAQ:PLTR) had an “outstanding quarter” with revenue growth accelerating. This performance was driven by a “parabolic US demand for AI solutions.”

DA Davidson pointed out that the company is in a strong position to help customers deploy AI effectively through its Ontology platform. The firm sees Palantir Technologies Inc. (NASDAQ:PLTR) as “the best story in all of software.” DA Davidson indicated that valuation concerns prevent an upgrade from the current Neutral rating for the stock.

Earlier, on November 4, Cantor Fitzgerald also lifted its price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $155 to $198 and kept a Neutral rating. This decision came after the company reported Q3 results, with revenue beating market expectations and the midpoint of the company’s guidance.

Cantor Fitzgerald’s checks suggest that Palantir Technologies Inc. (NASDAQ:PLTR) is in a unique position to benefit from AI adoption by enterprises and governments. Despite this, the research firm kept its Neutral rating because of valuation concerns as the stock trades at about five times higher than the firm’s infrastructure software coverage median.

Palantir Technologies Inc. (NASDAQ:PLTR) is an American software company that specializes in big data analytics and AI platforms. The company serves key government and commercial enterprises.

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