Is Palantir Technologies a No-Brainer Buy After Posting Record Numbers?
Palantir Technologies (NYSE: PLTR) rallied more than 200% in the past five years. Not only has the data analytics company achieved significant growth during that stretch, but its operations have also become profitable. The business is gaining more credibility, and it may only be a matter of time before the stock gets added to the S&P 500 index.
The tech company is coming off yet another impressive quarter that saw it hit new records. Has the stock finally proven its doubters wrong, and is it a surefire buy at this point?
A big concern I had with Palantir in the past was that its growth rate simply wasn't showing enough progress despite all of management's claims of incredible demand due to artificial intelligence (AI). Palantir, after all, had hundreds of bootcamps with potential customers to showcase its AI-powered platform, AIP, which would help them improve decision-making and unlock efficiencies in their day-to-day operations.
Source Fool.com
