Palantir Stock Is on a Crash Course With History That Will Likely Be Very Costly for Investors
Palantir Technologies (NASDAQ: PLTR) has created astounding wealth for shareholders in a very short period. It was the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) last year, and the company is leading the index higher again this year. In total, Palantir stock has returned 695% since January 2024 and 2,000% since January 2023.However, Palantir is also the most expensive stock in the S&P 500, as measured by price-to-sales ratio. In fact, it is one of the most expensive software stocks in recent history, and other every other software stock that had a similar valuation in the last two decades eventually crashed.Here's what investors should know.Continue reading
Palantir Technologies (NASDAQ: PLTR) has created astounding wealth for shareholders in a very short period. It was the best-performing member of the S&P 500 (SNPINDEX: ^GSPC) last year, and the company is leading the index higher again this year. In total, Palantir stock has returned 695% since January 2024 and 2,000% since January 2023.
However, Palantir is also the most expensive stock in the S&P 500, as measured by price-to-sales ratio. In fact, it is one of the most expensive software stocks in recent history, and other every other software stock that had a similar valuation in the last two decades eventually crashed.
Here's what investors should know.
