The stock market has rallied strongly this spring, led once again by the tech-heavy Nasdaq. While the index is set up for another strong year of outperformance, there are stocks well off their highs that investors can scoop up before they join the rally. Let's look at three Nasdaq growth stocks to buy right now before they rally to new all-time highs. 1. Palantir Expand NASDAQ : PLTR Palantir Tech...
The stock market has rallied strongly this spring, led once again by the tech-heavy Nasdaq. While the index is set up for another strong year of outperformance, there are stocks well off their highs that investors can scoop up before they join the rally. Let's look at three Nasdaq growth stocks to buy right now before they rally to new all-time highs. 1. Palantir Expand NASDAQ : PLTR Palantir Technologies Today's Change ( -0.41 %) $ -0.56 Current Price $ 136.85 Key Data Points Market Cap $328B Day's Range $ 134.30 - $ 139.02 52wk Range $ 118.93 - $ 207.52 Volume 1.1M Avg Vol 46.8M Gross Margin 84.07 % While Palantir (PLTR 0.41%) has gotten caught up in the software-as-a-service (SaaS) stock sell-off, it is proving to be one of the most important companies in the AI space, and its growth has been nothing short of spectacular. Nonetheless, investors can pick up the stock 33% off its highs. Palantir's AI platform (AIP) has become essential for helping organizations use AI to help solve real-world problems. Instead of trying to build the next great AI model, the company leaned into its data gathering and analytics background to create a platform that can gather an organization's data from disparate sources and then link it to real-world assets and processes to harness the power of third-party AI models while significantly reducing AI hallucinations (errors). This has allowed its customers to use AI to help solve long-standing issues, and has led to significant and accelerating growth for Palantir. Palantir grew its revenue by 85% last quarter, its eleventh straight quarter of revenue growth acceleration. Impressively, this was driven by a combination of new U.S. commercial customer adds (up 42%) and existing customers spending more money (150% net dollar retention). Given its operational momentum, this is a stock that can rally to new highs. 2. Microsoft Expand NASDAQ : MSFT Microsoft Today's Change ( -0.06 %) $ -0.24 Current Price $ 418.85 Key Data Points Market Cap $3...