Palantir Technologies Inc. (PLTR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Palantir’s growth engine remains its dominance in high-stakes government work, now paired with accelerating U.S. commercial demand. Q1 figures beat estimates again, and Palantir upped its guidance. Revenue grew 39% year-over-year to $884 million, and its net income doubled to $214 million.

Analysts note the stock is trading above its estimated fair value, reflecting strong investor sentiment. Palantir has secured multiple government and commercial deals in recent months, helping expand its footprint across sectors.