1 Wall Street Analyst Thinks Palantir Will Be a Trillion-Dollar Company. Can It Get There?

Palantir Technologies (NASDAQ: PLTR) has been one of the top-performing stocks of the artificial intelligence (AI) era.Since the start of 2023, the deep data analytics company has returned nearly 2,000% as it's gone from a slow-growth, unprofitable company to a fast-growing, highly profitable business. That transition is largely due to the launch of its Artificial Intelligence Platform (AIP), which provides an AI layer over its other software analytics platforms like Foundry and Gotham, allowing users to easily retrieve data and gain insights by using AI chatbot interfaces that AIP connects to.Palantir's stock growth has come not just from the strong performance in the business, but also from significant multiple expansion. On a price-to-sales basis, Palantir now trades at a sky-high ratio of 105, a level typically reserved for highly speculative growth stocks. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool