Posted 12/16/2023, 3:00:00 PM
Palantir Poised for Potential S&P 500 Inclusion on Profitability and Market Value
- Palantir meets financial criteria for inclusion in the S&P 500 index like being profitable and having $40B market cap
- Typically 20 stocks per year join the index, replacing existing members
- Getting added often leads to a 5%+ share price bump from index funds buying the stock
- Palantir continuing to grow revenue and profits could make it a candidate for inclusion
- The company launched an AI platform that could further growth if successful