Is It Too Late to Buy Palantir Technologies Stock?
Palantir Technologies' (NYSE: PLTR) stock rocketed higher after the company released stellar results for the second quarter of 2024 on Aug. 5 that turned out to be better than analysts' expectations.
Shares of the company that's known for providing software platforms to both government and commercial customers shot up more than 10% in a single session as it not only beat the market's expectations but also raised its full-year guidance. With its latest pop, Palantir stock is now up 55% in 2024 and has started recovering from its recent pullback.
This company is getting a nice shot in the arm thanks to the growing adoption of artificial intelligence (AI) software. Does this mean it is too late for investors to buy? Let's find out.
Source Fool.com
