Is It Too Late to Buy Palantir Stock?
Palantir Technologies' (NYSE: PLTR) stock price has jumped nearly 31% since Monday afternoon right after the release of its earnings report for the fourth quarter of 2023. With its artificial intelligence platform (AIP) and U.S. commercial segment showing massive growth, investor interest in the software stock has surged.
With the stock already up approximately 163% over the last year and its valuation rising, have investors missed their opportunity to buy?
Admittedly, the potential of the company could motivate some investors to ignore its current elevated valuation. Palantir has stood out above other SaaS stocks by analyzing data and delivering insights. It has long relied on artificial intelligence (AI) and machine learning (ML) to make its determinations. After first focusing on national defense applications, it turned to the commercial sector to apply its knowledge to the business world.
Source Fool.com
