Is this company the next Oracle? Expert says the stock can hit $100 and cites these reasons for its success

Oracle has been one of the biggest case studies of a whopping jump in its stock price after its continual boom in the field of technology, and it is now time that Palantir Technologies follows its pursuits in becoming one of the highest valued stocks in the American markets in the coming days, feel market experts. For starters, Palantir's strong technicals and unique products are one of the primary reasons why its stock prices are expected to surge in the coming weeks.

Will Palantir overtake Oracle?

Palantir is slowly emerging as a data giant with strong fundamentals, which has been a similar case with companies like Oracle, Alphabet and others, who have banked on their strong technological fundamentals through the years, in order to keep their stock market folios strong.

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Palantir's stocks show no signs of slowing down

Palantir's stock prices have surged over 235% in the past year and is showing no signs of deaccelerating in the coming months, which is a great sign for US investors, with many considering purchasing this stock as a potential asset in tech-based stocks.

Market strategist Keith Fitz-Gerald is of the opinion that this is just the beginning, and has even claimed that Palantir could rival Oracle Corp in this current market scenario, according to a Benzinga report. Keith is also of the opinion that Cisco Systems could also be overtake by this emerging tech-stock if all the cards are played right by Palantir in the next few months.

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FAQs:

Is Palantir a publicly traded company?
Yes, Palantir Technologies Inc. is a publicly traded company. It went public on the New York Stock Exchange in September 2020, according to reports.

Is Oracle a top stock in the NYSE?
Oracle is a well-established tech giant and a significant player in the New York Stock Exchange, for quite a long time now.