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Is Palantir Stock a Buy?

TheMotleyFool

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Like many tech stocks last year, data analytics firm Palantir Technologies (NYSE: PLTR) saw its share price plunge amid macroeconomic conditions particularly painful to the tech sector, such as rising interest rates. Palantir stock plummeted to a 52-week low of $5.92 in December.

But with inflation cooling off this year, tech stocks are enjoying a resurgence, Palantir among them. Adding to this are the company's own successes, such as finally achieving profitability after years of net losses.

These factors propelled Palantir shares north of $16. So is it too late to buy Palantir stock? A look at how the company's currently doing can help to answer that question.

Source Fool.com

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