Palantir continues to defy gravity, but can it maintain that momentum?

Palantir ( PLTR -2.27% ) , the data mining and analytics firm named after the all-seeing orbs from The Lord of the Rings , has been one of the market's hottest growth stocks. It went public via a direct listing on Sept. 30, 2020, and began trading at $10. Today, it trades at nearly $180.

During the same period, the S&P 500 rose by about 90%. Let's see why Palantir's stock outperformed the market by such a wide margin -- and if it still has more upside potential.

What drives Palantir's rapid growth?

Palantir operates two main platforms: Gotham, for its government customers, and Foundry, for its commercial customers. Both of these platforms gather data from disparate sources, analyze all of that information

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