Could Palantir Be the Next Stock Added to the Dow Jones?
Palantir is up nearly 2,700% from its low and has emerged as a leading SaaS stock.
Overview
Palantir Technologies (NASDAQ: PLTR) has benefited from nearly unprecedented success. The popularity of and the productivity gains driven by its Artificial Intelligence Platform (AIP) led to gains of nearly 2,700% from its low in December 2022.
Consequently, some analysts have speculated about the future of Palantir stock, and one possibility is its inclusion in the Dow Jones Industrial Average (DJINDICES: ^DJI). As investors know, the Dow includes only 30 stocks, and Palantir's market cap of around $438 billion makes it the 26th largest company trading on U.S. markets. Nonetheless, that does not make the stock an obvious choice for inclusion. Here's why.
Image source: The Motley Fool.
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Originally published at www.fool.com.