Reported about 24 hours ago
Palantir Technologies, having surged 764% since its IPO and recently joining the Nasdaq-100, is seeing strong demand due to its AI capabilities and successful diversification into the private sector. Despite its impressive growth and high-profile partnerships with major tech companies, Palantir's valuation metrics suggest the stock may be overvalued, with a P/E ratio of 403 and a PEG ratio of 3.5. While investing in Palantir appears risky due to its high price, the company's leadership in AI and potential for future growth makes it a candidate for long-term investment strategies.
Source: YAHOO