Stocks hit new highs: Palantir, Visa
Palantir stock rises to new highs on Friday, hitting a 20.24 buy point cup holderPLTR stock is located at 5% buy zone up to 21.25 per MarketSmith pattern recognitionFriday’s move boosted shares and their share price relative strength line Hit new highs.
The stock surged more than 20% after the data analytics and privacy software company reported better-than-expected results. Third-quarter earnings and sales On November 2, management also raised its full-year 2023 revenue guidance.
The company is Focus on leveraging artificial intelligence technology With its artificial intelligence platform and its meta-constellation satellitePLTR shares are close to their highest levels since November 2021, according to Dow Jones Market Data. The stock price has risen approximately 218% this year, hitting a new high.
Meanwhile, Dow Jones stock Visa hit a 250.06 buy point, setting a new high before retreating on Friday. Shares of the payments processor beat analysts’ expectations. September quarter profit and sales October 24th. Management also approved a new $25 billion multi-year stock repurchase program in the earnings report.
Quarterly profit growth improved to 21% from 9% and 17% in the previous two quarters. Sales growth continues to remain in the 11%-12% range. Analysts expect earnings per share to grow 13% in fiscal 2024 and 2025.
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