2024-03-19 17:55:33 ET
Summary
- In this article, I will list 2 reasons why I believe Palantir Technologies is ripe for a sell-off.
- Even when accounting for strong future growth, the stock seems to be quite overvalued.
- Also, the market seems to be overly optimistic about the time scale at which the company could continue to reap benefits of AI.
- Palantir is a quickly-growing and promising company, but shares are currently priced for perfection. Any bump on the road could derail the share price.
Read the full article on Seeking Alpha
For further details see:
Avoid Palantir: Stretched Valuation And Sky-High AI Expectations