1 Green Flag and 1 Red Flag for Palantir Stock
Even on the heels of a sell-off following its second-quarter results, Palantir Technologies (NYSE: PLTR) has been one of this year's hottest stocks. Thanks to surging interest in artificial intelligence (AI) and some stronger-than-expected earnings results, the company's share price rocketed 145% higher across 2023's trading.
Is the data specialist's bullish run still in the early stages of unfolding, or has the company's valuation been stretched to the point where the stock is now too risky? If you're thinking about investing in the company, read on for a look at bullish and bearish dynamics that could play key roles in shaping Palantir's stock performance.
In addition to shifting into profitability on a generally accepted accounting principles (GAAP) basis, Palantir's new AI tools and services have played a driving role in its stock gains this year. The company quickly emerged as a top player in the artificial intelligence space.
Source Fool.com
