Why It May Not Be Too Late to Invest in Palantir
Shares of Palantir Technologies (NYSE: PLTR) have been hot this year, rising more than 125% since the start of January, and it's now trading at a 52-week high. But despite the stock's resurgence this year (after falling 65% in 2022), it still may not be too late to invest in the data analytics company, as there's still plenty of growth potential ahead for the business.
Here's why the stock can still be a good buy right now.
Last year, Palantir incurred a $374 million net loss. And that was an improvement from 2021, when its net loss totaled $520 million. Today, however, the business is on a much better trajectory, posting a profit in consecutive quarters.
Source Fool.com
