After two decades of staying privately held, big-data analytics company Palantir Technologies (NYSE: PLTR) went public in Sept. 2020. The stock quickly rose as popular technology investor Cathie Wood was revealed to be a large shareholder.
However, 2022 was not so kind to technology stocks, and Palantir was no exception. While the company boasts several U.S. government agencies as well as brand-name commercial sector companies on its client roster, Wall Street has expressed concerns about Palantir's near-term growth rate.
Palantir is off to a great start in 2023, and although some of the analyst concerns are valid, its valuation looks appealing for long-term investors.
For further details see:
After a Brutal 2022, Is Time Up for Palantir Stock?