3 Reasons to Buy Palantir, and 3 Reasons to Sell
Palantir (NYSE: PLTR) made its public debut through a direct listing nearly three years ago. The data mining and analytics company's stock started trading at $10, soared to its all-time high of $39 the following January, and now trades at about $15.
The bulls were initially impressed by Palantir's established presence across U.S. government agencies, the expansion of its commercial business, and its goal of growing revenue by at least 30% annually from 2021 to 2025. However, the bears rushed in as growth cooled off and rising interest rates popped its bubbly valuation.
Palantir remains a divisive stock after that big pullback. Let's review three reasons to buy the company -- and three reasons to sell it -- to see if it's a worthwhile investment.
Source Fool.com
