10 Firms That Soared Last Week

2. Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies hit a new record high last week, touching the $116 level before investors took early profits, dragging its value lower to end at $110.85 apiece.

Friday’s valuation, however, still marked a 34.38-percent jump from its price of $82.49 registered last January 31, or a week earlier. The rally came following news that PLTR achieved a 16-percent growth in net income in full year 2024 at $462 million, supported by a 29-percent jump in revenues at $2.87 billion.

Of the total revenues, US revenues surged by 38 percent to $1.9 billion.

In the fourth quarter alone, net income rose by 10 percent to $79 million, while revenues increased 36 percent to $828 million. US revenues grew 52 percent to $558 million.

Last week’s valuation pushed PLTR’s market capitalization to as high as $240 billion, surpassing the values of household names such as American Express ($221 billion), McDonald’s ($208 billion), and Disney ($207 billion).