10 Best Growth Stocks Under $100 to Buy Now

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 64

Expected EPS CAGR in the next 5 years: 30.99%

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company specializing in data integration, analytics, and artificial intelligence for government agencies and commercial enterprises. Its primary platforms, Palantir Gotham and Palantir Foundry, enable users to aggregate, analyze, and visualize large datasets for decision-making. Gotham is designed for defense, intelligence, and law enforcement, while Foundry serves industries such as finance, healthcare, and manufacturing. The company also offers Palantir Apollo, a continuous delivery system for software deployment. PLTR operates on a subscription-based model, with a focus on secure data processing, AI-driven insights, and partnerships across public and private sectors. The Colorado-based company ranked fourth on our recent list of 10 Hot AI Stocks to Buy Now.

Palantir Technologies Inc. (NASDAQ:PLTR) delivered exceptional results in the latest Q4 2024 with revenue growing 36% YoY and 14% sequentially to $828 million. The company’s US business demonstrated remarkable strength, growing 52% YoY in Q4, with US commercial revenue specifically growing 64% YoY and 20% sequentially. The company achieved a record-setting number of deals in Q4, including 32 deals worth $10 million or more, with total TCV of $1.8 billion across the business, representing a 56% increase YoY. PLTR’s AI Platform continues to drive new customer acquisition, with the company having nearly 5x the number of US commercial customers compared to three years ago. The company’s profitability metrics were equally impressive, achieving its strongest adjusted operating margin in history at 45% and a Rule of 40 score of 81 in the fourth quarter.

Looking forward, Palantir Technologies Inc. (NASDAQ:PLTR) is guiding to a full year 2025 revenue midpoint of $3.749 billion, representing a whopping 31% YoY growth rate. The company generated substantial cash flow with adjusted free cash flow of $517 million in Q4, representing a margin of 63%, and $1.25 billion for the full year, representing a margin of 44%. PLTR continues to ride the AI tailwind, and it is thus one of the best growth stocks to buy under $100.