Is Palantir stock worth the hype? Palantir’s AI software is used by government agencies and corporations. The stock price has soared but some analysts are concerned about its valuation.

Palantir is a data analytics company that has been on an AI hype cycle. The company’s stock has risen over 200% in the past year, but it is still only marginally profitable. Palantir has a market cap of over $40 billion on $2.1 billion of revenue, growing at 20% per year.
Palantir’s technology was originally developed for use by the military, and it has been used to help plan campaigns and catch changing conditions on the battlefield. The company is now trying to expand its reach into the commercial market with its Foundry platform. Foundry has found success in applications like hospital scheduling, but it faces competition from other big tech players.
Palantir’s stock is likely to be volatile, but it could be worth a buy for investors who are looking for a company with leading-edge technology. The company is expected to grow faster and become more profitable in the future.

Link to the original story: https://investorplace.com/2023/12/palantirs-ai-surge-is-pltr-stock-really-worth-the-hype/