PLTR - Palantir Technologies: It's A Mistake To Buy The Plunge Lower
2024-05-07 09:13:24 ET
Summary
- Palantir Technologies reported strong financial results for the first quarter of its 2024 fiscal year, exceeding expectations on both revenue and profits.
- The company saw significant growth in its commercial and government sectors, with an increase in sales and the number of customers.
- Despite the positive performance, the stock remains expensive and may not be a good investment option in the short term.
Growth investing can be very exciting for many investors. The idea of benefiting from the next big thing, combined with the upside that comes with that, is tantalizing to many. As an example , we need only look at Microsoft ( MSFT ). As of February, of this year, $1,000 invested in the company 20 years ago would be worth over $24,000 today. That compares to the roughly $6,500 that the same money invested in the S&P 500 (SP500) would have achieved. With return disparities like this, and life short, it's not a surprise that many investors are drawn to this type of investment ideology....
Palantir Technologies: It's A Mistake To Buy The Plunge Lower