Reported 1 day ago
Palantir Technologies' stock has surged 940% since early 2024, driven by a growing interest in AI and significant revenue increases in its commercial sector. However, despite its strong performance, analysts advise against buying the stock at its current high valuation of 275 times projected earnings, as it indicates overly ambitious expectations that may not be sustainable. Current investors are suggested to hold, while new buyers may want to reconsider.
Source: YAHOO