Is Palantir a Buy?
One of the hottest stocks this year has been Palantir (NYSE: PLTR). The company's strong results and inclusion into the S&P 500 have helped its stock soar more than 250% this year, as of this writing.
While the stock has been a great performer this year, the question on many investors' minds is whether the stock is still a buy after its big gains this year. Let's take a closer look at both the buy and sell cases regarding Palantir stock to help you decide.
Palantir has established itself as one of the leading data gathering and analytics companies in the world through its work with the U.S. government, with such mission-critical tasks as fighting terrorism and tracking COVID-19 cases. However, the company's Artificial Intelligence Platform (AIP) and its move into the commercial sector are the biggest reasons to be bullish on the stock.
Source Fool.com
