In terms of performance, Palantir Technologies ( PLTR) was one of the hottest stocks of 2024. The stock price soared 340% last year while joining both the S&P 500 and Nasdaq-100 indexes. Given that it has already had such a strong run, investors may be wondering if the stock is still a buy. Let's investigate.

Palantir stock has soared more than 700% from its 2020 initial public offering price. Why should we love stocks splits so much? It's true they don't change anything fundamental about a company, meaning you shouldn't buy a stock uniquely because it's splitting its stock.