Palantir expensive, but
Palantir’s stock is expensive, but that hasn’t stopped the S&P 500’s top performer from adding to its huge gains
Analysts said Palantir shares were expensive last year as well, but the shares closed out 2024 up about 340%.
Palantir’s stock was the top performer in the S&P 500 last year.
Brent Thill of Jefferies took a harsher view on the valuation, saying that it’s “disconnected from even optimistic growth scenarios” with Palantir shares trading at 74 times estimated 2026 revenue
RPT revenue.
In early 2023, Palantir Chief Executive Alex Karp publicly announced the company had a new artificial-intelligence product that was “currently under development.”
Palantir engineers were stunned. They weren’t building any such product.
His engineers, he assumed, would figure out how to build it.
They did.
Wall Street Journal 5 August 2025
https://www.wsj.com/tech/palantir-pltr-stock-success-government-contracts-f3b2d453

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