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Barchart
Barchart
Pathikrit Bose

3 Software Stocks Analysts Like Better Than Palantir

Palantir Datadog UiPath Confluent

Shares of Palantir (PLTR), the enterprise software company, have been on a tear so far this year. Fueled by its artificial intelligence (AI) ambitions, strong earnings, and recent contract wins, Palantir's stock price has rallied 175% on a YTD basis. 

That said, its present valuations are looking a bit stretched as a result, to put it mildly. Key metrics, like forward price/earnings (76.42), price/sales (16.87), and price/cash flow (74.61) all exceed sector medians by a considerable margin. Moreover, PLTR has an overall rating of “Hold” from analysts - and the mean target price of $13.81 actually denotes expected downside potential of more than 21% from current levels.

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