Palantir (PLTR) stock has rallied 180.6% over the past six months, due to strong demand for its AI data analytics platforms and key partnerships. The company is focused on growing its business, expanding globally, and launching new products. It is also signing deals outside the U.S., including contracts with NATO and other defense groups.
Thus, investors looking for exposure to PLTR stock may consider investing in these two ETFs: First Trust US Equity Opportunities ETF (FPX) and REX AI Equity Premium Income ETF (AIPI). Protect Your Portfolio Against Market Uncertainty It is worth mentioning that PLTR is scheduled to report its Q1 results on May 5. Currently, analysts expect Palantir to report Q1 earnings per share (EPS) of $0.13, up 62.5% from the prior-year quarter.
Also, the company’s revenue is expected to increase 35.9% to $862.17 million in the first quarter. Let’s take a deeper look at these two ETFs. First Trust U.S. Equity Opportunities ETF The FPX ETF provides exposure to high-growth companies in their early public stages, making it a unique ETF for IPO-focused investors.
The ETF aims to track the performance of the IPOX-100 U.S. Index. Importantly, PLTR accounts for 10.09% of FPX’s total holdings. Some of the top holdings in FPX ETF include GE Vernova (GEV), AppLovin (APP), and Roblox (RBLX).
Overall, the ETF has $775.61 million in assets under management (AUM) and an expense ratio of 0.59%. Over the past six months, the FPX ETF has generated a return of 18.87%. On TipRanks, FPX has a Moderate Buy consensus rating based on 89 Buys, 10 Holds, and two Sells assigned in the last three months.
At $137.63, the average FPX ETF price target implies 14.19% upside potential. REX AI Equity Premium Income ETF The AIPI ETF invests in AI companies, aiming for growth and income generation. It follows the BITA AI Leaders Select Index and writes covered call options to boost earnings.
The fund balances capital growth with steady income, adjusting to market trends. PLTR stock constitutes 12.67% of the ETF’s holdings. Apart from PLTR, some of the top stocks in the AIPI ETF are Crowdstrike (CRWD), Nvidia (NVDA), and ARM Holdings (ARM).
Overall, the ETF has $265.96 billion in AUM. Also, it has an expense ratio of 0.65%. The AIPI ETF has returned 2.6% in the past year.
Turning to Wall Street, the ETF has a Moderate Buy consensus rating. Of the 27 stocks held, 21 have Buys and six have a Hold rating. At $47.62, the average AIPI ETF price target implies a 18.07% upside potential.
Concluding Thoughts ETFs provide indirect exposure to PLTR, reducing risk compared to investing directly in the stock. Furthermore, ETFs are a liquid and transparent way to participate in the market. Investors seeking ETF recommendations might consider FPX and AIPI, as these ETFs offer exposure to Palantir stock.
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