"Assessing the Potential of Palantir Stock Amid Market Highs and AI Growth"
TL;DR Summary
Palantir's stock surged after its Q4 earnings report, with revenue up 20% and adjusted net income up 98%. While the company's revenue growth is accelerating and margins are expanding, its stock remains below its all-time high. However, with a forward earnings multiple of 63 and 2024 sales multiple of 18, it may be overvalued compared to competitors like Alteryx and Salesforce. Despite stabilizing growth and expanding margins, it may not be the right time to buy Palantir stock.
Topics:business#cloud-software#earnings-report#finance#palantir-technologies#revenue-growth#stock-market
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