1 Reason I'm Never Selling Palantir Stock
Palantir Technologies (NASDAQ: PLTR) stock has experienced an impressive run, rising 2,700% since hitting its low point in 2022 and 575% over the past five years. The stock trades at a very high valuation, but I plan to hold shares indefinitely because Palantir is a competitively positioned software company with a long runway of growth.
Its high profit margin reflects a one-of-a-kind software offering. The U.S. government and major corporations are willing to spend a significant premium to use Palantir. This points to a wide competitive moat, which could ultimately make Palantir one of the largest software companies by revenue in the future.
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Source Fool.com
