Palantir Technologies Inc.'s Q3 results exceeded expectations, driven by AI-led growth, but the stock is treated as speculative, making current valuations unjustified. Despite strong governance and growth, Palantir's valuation is overextended, reminiscent of the .com boom, suggesting caution for serious investors. Palantir's intrinsic enterprise value is estimated at $46.06 billion, indicating a 49% negative margin of safety from its current enterprise value of $90.23 billion.
Palantir Technologies (PLTR) stock just surged to a fresh record high on the heels of an upbeat third-quarter earnings report.
CNBC's Deidre Bosa joins 'Money Movers' to discuss how government is embracing AI and which stocks are benefitting.
Dion Hinchcliffe believes Palantir's (PLTR) "multi-quarter success story" shows strength for the company and its peers. However, he worries its valuation will come into question.
Palantir Technologies (PLTR) shares rocketed higher Tuesday after last night's earnings results comfortably beat expectations. Some analysts remain wary that the analytics software provider is overvalued.
Palantir (PLTR) shares have surged after the company reported better-than-expected quarterly results, with the earnings-fueled rally contributing to the stock more than doubling year-to-date. Morning Brief Hosts Seana Smith and Brad Smith sit down with Jefferies senior analyst Brent Thill and Argus Research senior securities analyst Joseph Bonner to discuss the stock's rally and what it means for investors.
Palantir shares jumped 23% on Tuesday and headed for a record close after the data analytics software maker reported robust third-quarter results and issued uplifting guidance. In September, the data analytics software provider gained entry into the S&P 500 stock index.
Palantir easily beat estimates in its third-quarter earnings report.
Palantir's stock has surged by 700% since its 2022 low, prompting a shift from a strong buy to a buy rating, preferably on pullbacks. Despite stellar earnings and strong U.S. commercial growth, Palantir's valuation is now high, making it less of an obvious strong buy. I reduced my Palantir stake by 50% but remain bullish long-term, planning to buy more on future pullbacks or corrections.
Palantir Technologies Inc (NYSE:PLTR) stock was last seen up 20.2% to trade at a fresh record high of $50.62, after the software name reported better-than-expected earnings and revenue for the third quarter.
A Morgan Stanley analyst strips his “underweight” rating as Palantir's latest results go against three elements of his prior bearish stance.
Palantir stock has outperformed other artificial-intelligence software companies, but its extreme valuation is still causing doubts among analysts.