2 Palantir stock rivals to buy in Q1 2025

The share price of Palantir (NASDAQ: PLTR) has been on an upward tear, hitting the $100 milestone. The recent move was triggered by the company’s blockbuster Q4 2024 earnings report.

The firm’s growth has stemmed from its venture into artificial intelligence (AI), which has bolstered its revenue with notable contracts from commercial and government clients.

In the past year, PLTR has surged by a whopping 354%, reaching $110 as of the last trading session.

Indeed, with PLTR seemingly taking off, there remain other alternatives that investors can buy a stake in, showing growth potential similar to that of the American software giant. 

In this line, Finbold has identified the following two equities that rival Palantir and are worth investing in now.

Snowflake (NYSE: SNOW)

Although Snowflake’s (NYSE: SNOW) stock growth has lagged behind Palantir, the company remains a key option for investors, having carved out a niche in the cloud data warehousing market.

Most importantly, SNOW has room for further upside given the company’s venture into AI, offering a range of products. Some products under its technology umbrella include Snowflake AI, Cortex Search, and Cortex, which will likely provide the firm a competitive edge in AI. 

In addition, Snowflake is investing in AI infrastructure, including Nvidia (NASDAQ: NVDA) chips, to help customers deploy applications seamlessly.

At the same time, SNOW is likely to benefit, considering the firm has a $350 billion addressable market and 34% of customers adopting data sharing.

Notably, its target AI market is set to double to $342 billion by 2028 and is already boosting performance.

In this regard, during Q3 FY2025, Snowflake saw a 55% year-over-year rise in remaining performance obligations (RPO), outpacing 29% product revenue growth. With $5.7 billion in RPO versus $3.6 billion in expected FY2025 revenue, future acceleration looks promising for Snowflake.

At the close of the last trading session, SNOW was valuedat $184.03, down 1.2% for the day. In 2025, the equity has rallied 19%.

CrowdStrike (NASDAQ: CRWD)

CrowdStrike (NASDAQ: CRWD), which specializes in endpoint security and threat intelligence, remains a key player in the cybersecurity industry with potential for further growth despite recent troubles, such as the 2024 global IT outage.

Overall, its potential lies in the increasing demand for complex security solutions. Its cloud-native Falcon platform, which offers advanced threat detection and response capabilities, attracts a broad customer base.

Another key driver of CrowdStrike’s prospects is the expanding cybersecurity market, which the company estimates will reach $250 billion by 2029. The growing adoption of AI-powered security solutions is fueling this expansion, and CrowdStrike is well-positioned to capitalize on this trend with its innovative offerings.

Additionally, customer adoption remains strong, with 66% of clients now using five or more cybersecurity modules—an improvement from the previous year. This points to CrowdStrike’s ability to deepen customer engagement despite the challenges posed by last year’s outage.

Most importantly, the technology giant continues to roll out AI-driven security solutions, reinforcing its competitive edge in the rapidly evolving cybersecurity landscape. 

While short-term earnings growth has slowed due to compensation costs related to the 2024 outage, CrowdStrike’s long-term outlook remains strong, backed by its expanding customer base and increasing revenue potential.

By press time, CRWD was valued at $421.59, reflecting year-to-date gains of 23%.

In summary, while the two stocks are not guaranteed to replicate PLTR’s meteoric rise, they still have strong fundamentals that could drive growth in the coming quarters.

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