US EditionPalantir's 2,500% Run Has Bulls Scrambling to Justify Valuation
UNITED STATES, AUG 10 – Palantir's stock trades at 245 times forward earnings, driven by AI growth, government contracts, and expectations of 30% earnings growth this year, analysts say.
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5 Articles
Palantir's 2,500% run has bulls scrambling to justify valuation
Palantir Technologies Inc.’s meteoric rise is pushing the company’s valuation further into record territory, forcing bullish investors to bank on increasingly robust future growth to justify its current level. Shares of the defense maker closed at another all-time high Friday, bringing gains since its 2021 debut to near 2,500%. The stock is up almost 150% this year, a rally underpinned by the company’s growing use of artificial intelligence, bus…
Palantir’s 2,500% Run Has Bulls Scrambling to Justify Valuation
Palantir Technologies Inc.’s meteoric rise is pushing the company’s valuation further into record territory, forcing bullish investors to bank on increasingly robust future growth to justify its current level.
BizToc
Business TimesPalantir’s 2,500% run has bulls scrambling to justify valuation
Palantir Technologies Inc.’s meteoric rise is pushing the company’s valuation further into record territory, forcing bullish investors to bank on increasingly robust future growth to justify its current level. Shares of the defense maker closed at another all-time high Friday, bringing gains since…
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