Palantir Reported a Blowout Quarter, but Is the Stock Overvalued?
Palantir Technologies(PLTR) The Motley Fool·2024-11-17 06:10
Shares of Palantir Technologies (PLTR 11.14%) have had an amazing run over the last few years. The stock's recent inclusion in the S&P 500 and strong financial results have sent the stock up 247% year to date, as of this writing. There are a lot of reasons to like Palantir's business. It is capitalizing on a booming market for enterprise artificial intelligence (AI) software with revenue growth accelerating this year. But with a market capitalization of about $135 billion, the stock is starting to overshoot ...