Palantir Surges on Strong Growth. Is It Too Late to Buy the Stock?
Palantir Technologies (NASDAQ: PLTR) stock continued its rapid ascent after the data analytics and artificial intelligence (AI) software company reported strong fourth-quarter results that once again showed accelerating revenue growth. The stock is up a whopping 510% over the past year, as of this writing.Palantir has become one of the biggest AI winners on the software side, but with that has also come a frothy valuation. Let's dive into the company's latest results to determine whether it's too late to buy the stock.For the sixth consecutive quarter, Palantir's revenue growth accelerated, rising from 13% to 36% in that period. Fourth-quarter revenue reached $828 million, and adjusted earnings per share (EPS) rose from $0.08 to $0.14 year over year. That was well ahead of the $0.11 in EPS on $776 million in revenue that analysts were expecting, as compiled by LSEG. Continue reading
Palantir Technologies (NASDAQ: PLTR) stock continued its rapid ascent after the data analytics and artificial intelligence (AI) software company reported strong fourth-quarter results that once again showed accelerating revenue growth. The stock is up a whopping 510% over the past year, as of this writing.
Palantir has become one of the biggest AI winners on the software side, but with that has also come a frothy valuation. Let's dive into the company's latest results to determine whether it's too late to buy the stock.
For the sixth consecutive quarter, Palantir's revenue growth accelerated, rising from 13% to 36% in that period. Fourth-quarter revenue reached $828 million, and adjusted earnings per share (EPS) rose from $0.08 to $0.14 year over year. That was well ahead of the $0.11 in EPS on $776 million in revenue that analysts were expecting, as compiled by LSEG.
