Reported 30 days ago
Palantir Technologies has recently been added to the S&P 500, signaling its recognition as a quality company in the AI and data analytics space. Despite a stock price increase of over 127% this year, concerns over its high valuation with a forward P/E of 85 and a PEG ratio of 2.8 suggest it may not be an attractive buy currently. Investors are advised to reconsider their options and monitor the company's growth and market conditions before making new investments.
Source: YAHOO