Palantir Stock Surges: Should You Buy or Sell?
Palantir, a tech behemoth with a market cap surpassing 400 billion dollars, has witnessed its pltr stock soar recently. A fresh analysis from October 1st delves into whether to buy or sell Palantir shares.
Palantir's pltr stock has been on a robust upward trajectory, with a 46% distance from the 200-day line. This trend has been consistent over the past months, with the stock price increasing by 2.3% to 157.50 euros on Tuesday. The company's Artificial Intelligence Platform (AIP) has fueled this growth, with quarterly revenue exceeding $1 billion by Q2 2025, an anticipated annual revenue of $4.2 billion, and a customer base expanding from 125 in 2020 to 849 by mid-2025. Palantir's workforce has also grown to over 4,000 employees.
Investors are zeroing in on future growth expectations rather than traditional valuation criteria. However, the pltr stock valuation has reached lofty multiples, with some critics querying the disconnect from fundamentals. CEO Alex Karp remains bullish, pointing to established government contracts, surging enterprise AI demand, and potential expansion into defense-related AI markets.
Palantir's pltr stock price is approaching a psychological barrier of 160 euros, which has historically acted as resistance. Despite the strong trend and growth, there's a significant gap between Palantir's estimated annual revenue of around 4.2 billion dollars and its stock market value. Investors should weigh these factors and the new analysis when deciding whether to buy or sell Palantir pltr stock.
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