Could Palantir Stock Help You Retire a Millionaire?
Palantir Technology's (NASDAQ: PLTR) recovery from its post-IPO (initial public offering) slump has been nothing short of incredible. After an initial warm reception, shares of the company slid more than 80% from their high in early 2021. Macro forces were at play -- no tech company escaped 2022 unscathed -- but investors had significant concerns about the company's ability to turn a profit, and its stock was hit hard.
Today, Palantir is in a very different place. Not only has it proven it can turn a very healthy profit, but the company is delivering consistent, double-digit revenue growth, quarter after quarter.
Investors like what they see. Palantir's stock is up more than 1,100% in the last two years alone. With all the excitement, can investing in Palantir help you retire a millionaire?
Source Fool.com
