Palantir Technologies (NYSE: PLTR) shares rocketed higher after the company once again reported accelerating revenue growth and boosted its full-year guidance. The stock has nearly tripled in price year to date.

Shares of AI darling Palantir (NASDAQ:PLTR) went parabolic following the release of some exceptional quarterly earnings results. Now up more than 260% year to date, questions linger as to whether the AI-first big data analytics has what it takes to keep delivering profoundly strong quarters to support its remarkable rally.

In the days leading up to the Q3 print and since reporting blockbuster Q3 FY24 results on November 4, Palantir Technologies ($PLTR) stock has been

Most of that growth will be driven by new government contracts, the robust growth of its U.S. commercial business, and the expansion of its generative AI services. From 2023 to 2026, analysts expect Palantir's revenue and earnings per share (EPS) to grow at compound annual growth rates (CAGR) of 23% and 59%,