Palantir Nearly Doubled Its Revenue. Its Stock Stood Still. Is It Time to Buy the Stock?
The software maker is growing faster than ever, yet its shares sit about where they were a year ago. So is the stock finally reasonably priced?
Overview
Shares of Palantir (NASDAQ:PLTR) trade around $176 as of this writing -- about where they sat a year ago.
A flat year is normally a forgettable one, but not for this company. Over those 12 months, the artificial intelligence data and analytics specialist nearly doubled its revenue, more than tripled its quarterly operating income, and raised its 2026 outlook twice.
Details
The ride wasn't calm, to be sure. The stock fell as far as $106 at one point and climbed to nearly $208 at another. But the round trip ended close to where it began.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.