3 Encouraging Signs for Palantir Technologies That Could Send Its Stock Even Higher This Year
Palantir Technologies (NYSE: PLTR) is one of the hottest stocks involved with artificial intelligence (AI). In just the past 12 months, the data analytics company's stock soared by more than 230%. That's right up there with Nvidia and its 240% returns over the same period. Both stocks have benefited from soaring AI-related demand.
But given Palantir's more modest valuation of $55 billion (versus nearly $1.8 trillion for Nvidia), there could still be a lot more room for its stock to run.
Generating ample cash is key to a business being able to pursue growth opportunities without having to rely on debt or secondary stock offerings. When its operations are self-sufficient, that can open up significantly more opportunities for a business.
Source Fool.com
