Reported 16 days ago
Palantir Technologies has gained significant attention in 2024, climbing over 100% in stock price and set to join the S&P 500, driven by growth in its AI tools for government and private sectors. Despite its promising 27% revenue growth, challenges remain against larger rivals in the crowded data analytics space. Investors are advised to be cautious due to a high forward P/E ratio and potential dilution from stock-based compensation, suggesting they consider alternative investment opportunities.
Source: YAHOO