Reported 12 days ago
Palantir Technologies has signed a significant contract with the U.S. government, valued at up to $99.8 million, to enhance military AI capabilities. While the company shows impressive growth in the private sector and government contracts, concerns persist regarding its high valuation, with a forward price-to-sales ratio of 25. Investors are left questioning whether these contracts will be sufficient to support Palantir's growth and justify its current stock price, especially as the company has forecasted only modest revenue increases.
Source: YAHOO