Palantir Technologies (NASDAQ:PLTR) has experienced a remarkable surge in its valuation this year, with the company’s stock price rocketing more than 330% year-to-date at the time of writing. This incredible upside has been driven by improving growth expectations for companies like Palantir focused on developing its artificial intelligence platform and expanding its customer base.
As you can see, the company's price-to-sales ratio has nearly quadrupled over the last year. The P/S ratio isn't a perfect measure of valuation, but 67.5 is off-the-charts high. A P/S of 20 is typically considered expensive, even in an industry like software where stocks tend to earn high valuations.
We recently published a list of 10 Buzzing AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against other buzzing AI stocks on latest news and ratings.
Palantir Technologies (PLTR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Without a doubt, 2024 has been a fantastic year for Palantir Technologies ( PLTR 3.78%) and its shareholders. Yet as the year draws to a close, you may be wondering where Palantir stock will be one year from now. Here's what I think is most likely to happen.
The artificial intelligence (AI) sector continues to revolutionize industries, attracting significant investor interest worldwide. From machine learning applica
Palantir and Anduril join forces with tech groups
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Report: Palantir and Anduril join forces to try to secure US government defense contracts
Palantir, Anduril join forces with tech groups to bid for Pentagon contracts, FT reports
(Reuters) - Data analytics firm Palantir Technologies (NASDAQ: PLTR) and defense tech company Anduril Industries are in talks with about a dozen competitors to form a consortium that will jointly bid for U.S. government work, the Financial Times reported on Sunday.
Palantir, Anduril work to form consortium with tech groups, FT reports
Palantir (PLTR) and Anduril are in discussions with approximately a dozen competitors to form a consortium to jointly bid for U.S. government
Lee Munson, president and CIO of Portfolio Wealth Advisors, explained in a latest program on Schwab Network why he would consider buying Palantir on a dip:
The complex, still-evolving technology requires significant resources and expertise. Emelia Probasco is a senior fellow at Georgetown University’s Center for Security and Emerging Technology and an adviser to the Defense Department’s Defense Innovation Unit.
Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.
Frank E. Holmes discusses pressing economic trends, the Federal Reserve's actions, and how technology and geopolitics are reshaping the investment landscape.
The artificial intelligence (AI) boom is behind Palantir's stock market success ... demand for the most advanced artificial intelligence technologies from our U.S. government and commercial ...
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