Reported 10 days ago
Analysts are expressing concerns over Palantir Technologies' stock valuation as it experiences significant growth driven by demand for AI. The company's stock has surged this year, raising doubts about whether its valuation is justified or a bubble. While Palantir has secured substantial contracts, including a $400.7 million deal with the U.S. Army, insiders have been selling shares. UBS and Baird have issued neutral ratings due to valuation concerns despite positive growth projections, warning that the high multiples might not be sustainable if growth expectations aren’t met.
Source: YAHOO