How High Can Palantir Technologies Stock Go?
Shares of Palantir Technologies (NASDAQ: PLTR) continue to prove all the doubters wrong. Despite its seemingly egregious valuation, the stock continues to soar. Earlier this month, the company released its latest earnings numbers, which looked strong yet again.
After another impressive performance, shares of Palantir are once again hitting new highs. Is it finally approaching a peak, or could the stock still go a whole lot higher this year?
A big challenge for tech companies is that as their businesses grow, they are going up against stronger comparable sales numbers from the previous year. That makes it difficult for a business to maintain a high rate of growth. In Palantir's case, however, that hasn't been a problem at all. Its growth rate has been accelerating.
Source Fool.com
