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Palantir Technologies (NASDAQ: PLTR) has taken the market by storm in 2024. Share prices of the artificial intelligence (AI)-focused data fusion specialist are up 332% year-to-date through Dec. 19.
PLTR data by YCharts. Since joining the Nasdaq on Nov. 26, shares of Palantir have gained about 10% (as of market close Dec. 5). That's a pretty dramatic move in only seven trading days.
Furthermore, a PEG ratio over 1 generally indicates that a stock is overvalued and that its price (market cap) is accelerating much faster than the expected growth in earnings per share over the ...
The stock is up more than 240% so far this year and up 820% since AI captured the spotlight in early 2023. Gains of that magnitude have also sent the stock's valuation soaring, making some ...
The company has forecast revenue of between $2.742 billion and $2.750 billion this year, so $20 million isn't moving the needle too much, adding about 0.7 percentage points of growth.
With Palantir's stock price rising 280% this year, yet revenue only rising around 30%, there's a clear disconnect between business growth and stock growth. Investors are now willing to pay more ...
The stock may not replicate its fantastic performance again next year, but over the long term, investing in the company's stock remains an excellent way to profit from the growth of the AI ...
PLTR Revenue (TTM) Chart PLTR Revenue (TTM) data by YCharts According to consensus analyst estimates, Palantir's 2024 revenue will be $2.7 billion, a 30% increase over 2023.