Reported 1 day ago
Palantir Technologies' stock rose by 7.9% on Thursday, continuing a rally prompted by the company's impressive fourth-quarter financial results announced earlier in the week. Analysts quickly revised their predictions and raised price targets significantly, with some projecting potential gains over the current stock price. Despite the enthusiasm, concerns remain about the high valuation of the stock, which is priced at 195 times next year's expected earnings, suggesting investors should be cautious.
Source: YAHOO