Palantir (NASDAQ: PLTR) was one of the best-performing stocks of 2024. The analytics and software management platform for government agencies, the military, and big business soared 340% for the year and sports a market cap of $167 billion as of this writing.

The stock could continue thriving in 2025 ... The Motley Fool has positions in and recommends Axon Enterprise, Bitcoin, and Palantir Technologies. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.

Tuesday’s rally in Palantir shares moved the stock above its top Bollinger Band. This signals that the stock is engaging in a new Volatility Rally. These rallies often result in a short, fast and aggressive move higher of 10-15%. Palantir maintains a bullish rating with a price target of $125.

Palantir Technologies has been one of the hottest stocks on the market over the past couple of years, clocking eye-popping gains of more than 1,100% as of this writing thanks to its accelerating growth that's being driven by the booming demand for artificial intelligence (AI) enterprise software.

Palantir Technologies (PLTR) stock is extending its pullback from all-time highs after its Nasdaq-100 (NDX) debut