Palantir Gains Endorsement as "Granny Shot" Stock, Joins Fundstrat's $2 Billion ETF

Thomas Lee, Chief Investment Officer and Lead Portfolio Manager at Fundstrat Capital, has publicly endorsed Palantir Technologies ($PLTR) as a "granny shot" investment, highlighting its inclusion in the firm's highly successful Fundstrat Granny Shots U.S. Large Cap ETF ($GRNY). Lee's statement, shared on social media, positions Palantir as an unconventional yet effective investment choice, aligning with Fundstrat's strategy of identifying high-reward, moderate-risk opportunities. The $GRNY ETF recently surpassed $2 billion in assets under management (AUM) in less than nine months since its launch, outperforming the S&P 500 by over 900 basis points year-to-date as of late July 2025.

The "granny shot" metaphor, popularized by basketball Hall of Famer Rick Barry's underhand free throw, signifies an approach that may not be flashy but consistently yields superior results. Fundstrat applies this philosophy to stocks that align with multiple long-term macroeconomic themes, such as artificial intelligence, global labor shortages, and cybersecurity. Palantir was added to the $GRNY ETF in February 2025, identified for its strong alignment across several of these key investment themes.

Palantir Technologies has experienced significant market activity, with its stock rebounding recently after a period of volatility. The data analytics company's shares are up approximately 111% year-to-date in 2025, though they have seen a pull-back from an all-time high of $190 in mid-August. This volatility has been attributed to broader market digestion of AI stocks, concerns about valuation, and reports from short sellers.

Despite mixed analyst ratings, with a consensus "Hold" and an average price target around $155, Palantir continues to attract attention for its strong performance in government contracts and growing commercial segment. Analysts note the company's robust revenue growth, particularly in U.S. commercial revenue, and its strategic positioning within the expanding artificial intelligence sector. Palantir's ability to secure significant government contracts and its focus on AI solutions are seen as key drivers for its long-term potential.

Fundstrat Capital's investment in Palantir through the $GRNY ETF underscores a belief in the company's underlying fundamentals and its strategic alignment with future market trends. The ETF's rapid growth and outperformance suggest investor confidence in Fundstrat's theme-based investment methodology, which prioritizes disciplined selection over conventional market wisdom.