Palantir Stock Is Down 36% From Its All-Time High. Time to Buy?
The business keeps getting better. The valuation is still the sticking point.
Overview
A 36% drop naturally raises the question: Is Palantir (NASDAQ: PLTR) finally cheap? With this stock, the honest answer is no -- even now.
Shares trade near $132 as of this writing, about 36% below their all-time high of $207.52.
But this comes at a time when the business is firing on all cylinders. In fact, Pantir's revenue growth rate has been accelerating in recent quarters. Even more, profits are soaring.
Details
So what gives? And is this a buying opportunity?
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.