Reported about 20 hours ago
Palantir Technologies Inc.'s stock has skyrocketed 2,500% since its 2021 debut, driving its valuation to unprecedented levels. While some investors remain bullish due to the company's use of AI and solid earnings, others worry about its staggering price-to-earnings ratio of 245, making it the most valued stock in the S&P 500. Analysts suggest that Palantir must significantly boost revenue and maintain high growth rates to justify this valuation, but many see the risks associated with such lofty expectations.
Source: YAHOO