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Palantir Stock Skyrockets, but Is It Still a Buy?

TheMotleyFool

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Sometimes, the market has an extreme reaction to news about a company. This occurs because investors have new information about how a business might perform in the future, causing owners to change their opinion on how much their shares are worth.

This happened with Palantir Technologies (NYSE: PLTR) after it reported better-than-expected earnings on Feb. 5, which sent the stock up 30% the next day. Obviously, it would be nice to go back and buy shares before the movement, but that's not possible. Instead, investors want to know if that price movement has caused Palantir to become too expensive to buy.

So, has Palantir gotten too expensive? Let's find out.

Source Fool.com

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