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Is Palantir Stock a Millionaire Maker?


Palantir Technologies (NASDAQ: PLTR) is back in the spotlight. After a high-profile initial public offering, the company's stock slid almost 80% from its high in February of 2021. Many investors believed it was overhyped as it struggled to turn a profit.

Now, however, it's in the black, and the stock is up more than 340% this year alone. The company earned a cadre of loyal investors as it continues to grow its top and bottom lines by double digits.

The fervor reached a new level after the election because many believe the company will benefit from a Trump presidency. So, is Palantir a millionaire maker?

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Source Fool.com

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