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This Promising Trend Hints That Palantir Could Be a Great AI Stock to Buy Right Now

TheMotleyFool

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This Promising Trend Hints That Palantir Could Be a Great AI Stock to Buy Right Now: https://g.foolcdn.com/editorial/images/750257/pltr-roic-wacc-over-time.png

Thanks to surging interest in artificial intelligence (AI) technologies and improving business performance, Palantir (NYSE: PLTR) has been one of 2023's hottest stocks. The data analytics company's share price has skyrocketed 177% across this year's trading.

In conjunction with improving margins and profitability, Palantir's return on invested capital (ROIC) is on an encouraging upward trend. Have a look at the chart below and read on to see why ROIC and weighted average cost of capital (WACC) trends are flashing bullish signals for the software specialist's stock.

Image source: The Motley Fool.

Source Fool.com

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