Palantir Technologies (NYSE: PLTR) has captured the attention of investors in recent days thanks to a 19% share price surge this month.
PLTR has performed exceptionally well in 2021, with the Palantir share price rising 181% on this time last year.
These kinds of gains are hard to ignore, and with growth accelerating in recent days, it isn’t hard to see why so many investors are considering the value proposition that the company offers.
So, to help you decide if PLTR is the right stock for you, this article explains what the company is and what it does, what the future could hold for it, and the best places to buy Palantir Technologies shares in the UK and elsewhere.
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What is Palantir Technologies?
Founded in 2003 by Peter Thiel, Alex Karp, Stephen Cohen, Joe Lonsdale, and Nathan Gettings, and headquartered in Colorado, US, it is a public American software company that specializes in big data analytics.
With a rapidly growing customer base and a decision to start accepting Bitcoin as a payment method, investors are buying into the value proposition of PLTR shares.
The company’s primary sector of focus is the intelligence sector, where PLTR constructs and deploys software platforms to assist counterterrorism investigations and operations across the United States.
Should I buy PLTR stock?
We are massive believers in the value of data, and this has already been proven across international markets. Companies that deal in data always have immense fundamental value and longevity because it will always be needed.
On this occasion, PLTR is not focussing on sales to advertising firms like similar big data players. Instead, it is focussing on the permanently significant security landscape, ensuring its value for years to come.
There are always risks when investing in any stock, so make sure you conduct the necessary research before getting involved. However, as stocks go, Palantir looks to be a really strong option for growth investors who believe in the intelligence data macro story.