Reported 2 days ago
Palantir's stock has skyrocketed by 1,000% over the last three years, following impressive earnings that showcased a 39% revenue increase to $883.9 million. Despite significant growth and gaining membership in the S&P 500, the company's high valuation, with a price-to-sales ratio of 82.4, raises concerns about its sustainability. Analysts speculate that for Palantir to hit a market cap of $1 trillion by 2030, it would need to grow its revenue substantially, reaching at least $40 billion amidst uncertainty in overall market conditions.
Source: YAHOO