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PLTR - Where Will Palantir Technologies Stock Be in 3 Years?
Palantir Technologies Inc. Class A
2024-04-16 06:57:00 ET
Palantir Technologies (NYSE: PLTR) is one of the more polarizing stocks in the market at present. It has been a very strong performer over the past year, up over 150%. However, that has also left it with a very hefty valuation.
The bearish case for Palantir largely centers around its valuation and current growth rate. The stock currently trades at forward price-to-sales (P/S) ratio of just under 19.