Palantir is hitting all-time highs and has a long runway of future growth.
Palantir Technologies ( PLTR 0.07% ) just keeps steaming along. The company had another great earnings report for the third quarter, sending the stock higher again. The year's best-performing stock in the S&P 500 is up 128% just this year, and by an incredible 600% in the last 12 months.
Before Palantir's earnings, I noted three of the most important metrics that investors should consider when evaluating the results -- revenue growth, customer growth and the company's backlog. In all three cases, Palantir managed to exceed expectations, which is why the stock is setting new all-time highs.
Now that the dust has settled, it's time to take a fresh look at Palantir in the wake of its earnings report. Shou