Could Palantir Be the Next Stock Added to the Dow Jones?
Source: Motley Fool ·
Palantir is up nearly 2,700% from its low and has emerged as a leading SaaS stock.
From the source
Palantir Technologies (PLTR +1.04%) has benefited from nearly unprecedented success. The popularity of and the productivity gains driven by its Artificial Intelligence Platform (AIP) led to gains of nearly 2,700% from its low in December 2022. Consequently, some analysts have speculated about the future of Palantir stock, and one possibility is its inclusion in the Dow Jones Industrial Average (^DJI -0.36%). As investors know, the Dow includes only 30 stocks, and Palantir's market cap of around $438 billion makes it the 26th largest company trading on U.S. markets. Nonetheless, that does not make the stock an obvious choice for inclusion. Here's why. Palantir meets the basic characteristics A committee run by S&P Global, parent company of S&P Dow Jones Indices, decides which stocks belong in the index. According to its criteria, Palantir appears to fit all of the stated qualifications to become a Dow stock. For one, it must be in the S&P 500 (^GSPC +0.00%), and that occurred in…