Stocks

Forecasting Growth: Two Stocks Poised to Outperform Palantir

Published May 18, 2024

Investors often seek to identify stocks with the potential for substantial growth, especially when looking to outperform industry peers. In the technology sector, two companies, Zscaler, Inc. ZS and The Trade Desk, Inc. TTD, are emerging as significant players with the promise of outpacing Palantir Technologies Inc. PLTR in terms of market value in the near future.

Zscaler, Inc. - A Leader in Cloud Security

ZS, based in San Jose, California, stands at the forefront of global cloud security. This innovative company has been consistently expanding its services and client base, indicative of a possible surge in value over the coming years. The shift towards remote working and an increased emphasis on cybersecurity underpin the argument for Zscaler's potential market dominance and its allure as an investment choice.

The Trade Desk, Inc. - Revolutionizing Digital Advertising

Adjacent to the rise of Zscaler, TTD presents a compelling case for investment with its substantial footprint in the technology sector, particularly in the realm of digital advertising. Headquartered in Ventura, California, The Trade Desk leverages cutting-edge technology to optimize advertising campaigns across multiple platforms, signaling strong growth prospects. As digital advertising becomes increasingly integral to company marketing strategies, The Trade Desk's innovative platform is well-positioned for substantial gains.

Whilst PLTR, with its Denver, Colorado base, continues to play a significant role in supporting the U.S. intelligence community with its advanced software platforms for counterterrorism, the specificity of its services could limit its growth potential compared to the more universally applicable services offered by ZS and TTD. Thus, looking ahead, Zscaler and The Trade Desk might emerge as better near-term growth plays, potentially outshining Palantir's market valuation in the following couple of years.

Investment, Growth, Technology