Meet the Newest Addition to the S&P 500. The Stock Has Soared 575% Since Early Last Year, and It's Still a Buy Right Now, According to 1 Wall Street Analyst

The S&P 500 is regarded as the best overall benchmark of the U.S. stock market and consists of the 500 largest publicly traded companies in the country. Given the range of its member companies, it is considered to be the most dependable gauge of overall stock market performance. To become part of the S&P 500, a company must meet the following prerequisites:Palantir Technologies (NYSE: PLTR) is one of the most recent additions to the S&P 500, being added to the fold on Sept. 23. It's also one of only 11 companies to make the grade so far this year. Since the advent of generative AI in early 2023, Palantir stock has surged 575%, its gains fueled by robust sales and profit growth.Even after gains of that magnitude, some on Wall Street believe there's more to come. Let's review what has driven the stock higher and whether its lofty price has simply made it too risky.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool