Palantir Just Reached a Key Milestone. Is the Stock a Buy?
Palantir Technologies (NASDAQ: PLTR) has been one of the biggest stock market winners in recent times. The software company soared more than 340% last year for the best performance in the S&P 500 -- a benchmark that it had just recently joined. This stock has scored tremendous gains thanks to the earnings performance of the company.This tech player has carved out a valuable spot in the artificial intelligence (AI) space, and this has translated into high demand for its products and significant revenue growth across its two main customer groups. On top of this, Palantir just reached a key milestone that also could offer reason to be optimistic about the stock.Still, investors have worried about the stock's valuation, which has taken off and reached sky-high levels. Considering all of this, is Palantir a buy right now?Continue reading
Palantir Technologies (NASDAQ: PLTR) has been one of the biggest stock market winners in recent times. The software company soared more than 340% last year for the best performance in the S&P 500 -- a benchmark that it had just recently joined. This stock has scored tremendous gains thanks to the earnings performance of the company.
This tech player has carved out a valuable spot in the artificial intelligence (AI) space, and this has translated into high demand for its products and significant revenue growth across its two main customer groups. On top of this, Palantir just reached a key milestone that also could offer reason to be optimistic about the stock.
Still, investors have worried about the stock's valuation, which has taken off and reached sky-high levels. Considering all of this, is Palantir a buy right now?
