Is Palantir Stock a Buy Now?
Portfolio Pulse from
Palantir Technologies' stock has seen a significant increase, tripling over the last year and rising 134% since September. However, it now has a high valuation, trading at 64 times its trailing-12-month revenue and 187 times this year's consensus earnings estimate.
December 05, 2024 | 11:45 am
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NEUTRAL IMPACT
Palantir Technologies' stock has surged significantly, but it now trades at a high valuation, which may impact future price movements.
The stock's recent surge and high valuation suggest that while it has performed well, the current price may already reflect much of the positive sentiment, potentially limiting further short-term upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100