Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
The artificial intelligence software specialist's business has never grown faster. But the stock may still have a valuation problem.
Palantir Stock Has Fallen More Than 35% From Its High. Is This the Pullback Long-Term AI Investors Have Been Waiting For?
Overview
Shares of Palantir (NASDAQ: PLTR) slid about 7% over the past five trading days as of this writing, adding to what has become a painful stretch for the artificial intelligence (AI) data and analytics platform specialist. The stock now trades more than 35% below its 52-week high of $207.52 and is down about 26% year to date.
The decline stands in sharp contrast to the business itself, which is growing faster than it ever has as a public company. And that contrast raises a question some investors have likely been waiting years to ask: After such a steep fall, is this finally a good time for long-term AI investors to buy one of the market's most debated growth stocks?
Details
Even after the pullback, however, the valuation numbers investors must grapple with are still big. Palantir commands a market capitalization of about $306 billion -- against trailing-12-month revenue of just $5.2 billion.
Source
Originally published at www.fool.com.
