Does This Impressive Chart Justify Palantir's High Valuation?
Business has been booming for data analytics company Palantir Technologies (NASDAQ: PLTR) in recent years. Its artificial intelligence (AI) platform has won over numerous commercial and government customers alike. Its growth rate has been solid, as have its margins.
The one sticking point with many investors these days is the valuation. The tech stock simply isn't cheap. But for a top company, particularly one that is growing at such a fast rate as Palantir, a premium is warranted -- it's just a question of how much is too much. Currently, it's trading at well over 200 times its trailing earnings. Is that too expensive for the stock, or could it be justified given its incredibly impressive results?
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Source Fool.com
