Reported 1 day ago
Palantir Technologies, a leader in artificial intelligence, has seen its stock soar 274% over the past year despite a recent drop of over 30%. The company is fundamentally strong, with a solid revenue base primarily from government clients and an expanding footprint in the commercial sector. However, its stock valuation poses a concern, trading at a forward P/E ratio of 157, indicating that investors may face risks should earnings not meet high expectations. Analysts suggest caution for those considering an investment in Palantir at this time.
Source: YAHOO