Despite a feverish run over the past 12 months, investors continue to underestimate the potential for this artificial intelligence (AI) powerhouse.

Palantir Technologies Inc. (NYSE: PLTR) began trading as a member of the S&P 500 index on September 23, 2024. Inclusion in the index was a long-time goal of Palantir. It’s also a significant milestone for retail investors who have largely driven the growth of PLTR stock since it went public via a direct listing in 2020.

We recently compiled a list of the 10 Best Stocks For Day Trading. In this article, we are going to take a look at where Palantir Technologies Inc. (NYSE:PLTR) stands against the other day trading stocks.

Shares of Palantir Technologies Inc. PLTR shed 2.77% to $36.90 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.25% to 5,732.93 and the Dow Jones Industrial Average DJIA rising 0.20% to 42,208.22.

Palantir Technologies (PLTR) stock has been climbing lately, but today it's off its peak price. Analysts have also been raising their price targets, but PLTR stock is still over those targets. One way investors can play this is to sell short out-of-the-money puts.