Palantir Technologies (NASDAQ: PLTR) stock continued its rapid ascent after the data analytics and artificial intelligence (AI) software company reported strong fourth-quarter results that once again showed accelerating revenue growth.

Palantir Technologies ( PLTR -0.39%) is probably the hottest stock on Wall Street. As of this writing, shares are up 51% year to date and more than 380% over the last 12 months. So, where will Palantir shares be in one year? Let's dig into the numbers and see what's possible.

Palantir stock is trading at a lofty valuation "which history suggests is nearly impossible to grow into," Deutsche Bank's Brad Zelnick said.

Palantir Technologies Inc.'s exceptional Q4 report drove shares past $100, with revenue exceeding expectations. Click for my updated look at PLTR stock prospects.

The stock's ascension from $6 to over $100 in just over two years is one of Wall Street's most incredible hot streaks.