Is Palantir a Buy?
Palantir Technologies (NASDAQ: PLTR) has been one of the biggest success stories of the artificial intelligence (AI) boom so far. The software company has seen revenue and profit climb, and this as well as demand for its platforms has resulted in explosive stock performance. The shares have surged more than 2,000% over the past three years.
That's fantastic, but the result of such a run-up in the stock price is that its valuation also has climbed -- leaving the stock at levels some say is exorbitant. In fact, Wall Street's average estimate calls for the shares to fall 15% over the coming 12 months. Meanwhile, though, Palantir's business doesn't show signs of weakening, so the stock could continue to grow for quite some time.
Considering the full picture, the positive and negative points, is Palantir a buy?
Source Fool.com
