Is Palantir Stock a Buy Now?
Palantir Technologies (NASDAQ: PLTR) has delivered a major win for investors who scooped up the stock in the early days of the artificial intelligence (AI) boom and held on. The tech giant's shares have climbed 1,200% over the past three years. This is as the company wowed investors with earnings growth quarter after quarter and encouraging comments about ongoing demand.
One problem that Palantir has faced, though, is a soaring valuation. That has kept some investors away -- and has even prompted some shareholders to sell as they worried demand for Palantir stock would slump.
This has weighed on Palantir's performance in recent times, with the stock sliding about 25% since the start of the year. One positive element is the fact that this decline has also brought valuation down. Is Palantir stock a buy now? Let's find out.
Source Fool.com
