SAIC - Forget Palantir Here Are 3 Defense Stocks That Are Better Buys
Palantir Technologies (NYSE: PLTR) has had a phenomenal start to its life as a publicly traded company, with the stock up more than 150% in just over two months.
The data analytics company is well-regarded for its government and spy work, including its rumored help in tracking down Osama bin Laden. It is also now a rather expensive stock, trading at more than 40 times expected 2020 sales.
Government IT companies have great potential as the Pentagon and civil agencies increasingly partner with the private sector, but Palantir is hardly alone in positioning itself to capitalize on that potential. Here's why investors would be better off buying Booz Allen Hamilton (NYSE: BAH) , SAIC (NYSE: SAIC) , and Leidos Holdings (NYSE: LDOS) instead.
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Forget Palantir, Here Are 3 Defense Stocks That Are Better Buys