Forget Palantir: Consider These 3 Millionaire-Maker Stocks to Buy Instead
Palantir Technologies' (NYSE: PLTR) stock has surged more than 150% over the past 12 months as the developer of data mining and analytics software impressed investors with its stabilizing revenue growth and improving profitability. Those improvements were largely driven by the accelerating growth of its U.S. commercial business, which offset the slower growth of its government business, a reduction in its stock-based compensation, and disciplined cost-cutting measures.
The bulls also cheered Palantir's recent rollout of artificial intelligence (AI)-powered tools, which will enable its clients to build their own AI apps. But as I noted earlier this month, Palantir's stock still looks too expensive relative to its growth rates.
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Source Fool.com
