Can Palantir Continue to Climb From Here? Let's Dive In.
Briefly

Palantir's shares have skyrocketed over 400% in the last year and 1,300% over five years, rewarding loyal investors handsomely. However, concerns are growing regarding the sustainability of such remarkable returns, especially given its market capitalization of $330 billion and a high price-earnings ratio of over 580. Despite these concerns, Palantir has shown impressive financial performance, including six consecutive quarters of profits and a 36% revenue growth, primarily due to a 71% rise in U.S. commercial revenue in the first quarter. Investors are now questioning the stock's future trajectory and potential for continued returns.
Palantir's shares have surged more than 400% over the past year and nearly 1,300% over the past five years, significantly enriching long-term investors.
With a market capitalization of approximately $330 billion and a price-earnings ratio above 580-times, Palantir is currently one of the most expensive stocks in the market.
Palantir produced profits for at least six consecutive quarters and achieved a 36% revenue growth, led by a 71% increase in U.S. commercial revenue in Q1.
Investors are beginning to question the sustainability of Palantir's stock growth and whether similar returns are possible heading into the future.
Read at 24/7 Wall St.
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