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Is Palantir a Buy?

TheMotleyFool

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Palantir Technologies (NASDAQ: PLTR) isn't slowing down. And despite the lofty valuation that makes many investors nervous, this stock won't go away anytime soon, either.

The stock is up 420% in the last 12 months, including 77% so far this year. With a market cap of $317 billion, it ranks as the 29th most valuable company in the world. That's incredible, especially when you remember that at the end of 2022, its market cap was less than $15 billion.

Palantir's run-up was exciting for investors who bought in several months ago -- gains like this don't happen every day. But is there still time for new investors to take a position, or has this ship already sailed?

Source Fool.com

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