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Palantir (PLTR) climbed sharply on Monday, March 24 to close at $96.75 as the broader market showed optimism regarding tariffs. However, not all on Wall Street are convinced the pain is over for the big data analytics company. On one hand, it now trades at above 728 times trailing earnings and over 71.5 times sales. But on the other hand, you could be missing out on a great buy-the-dip opportunity if tariff fears fade and the stock keeps climbing.
Analysts have been divided on the stock for a long time. Palantir has trounced bearish analysts over the past few years with consecutive earnings beats and a premium on the stock that hasn’t been seen since the dot-com era. Right now, most investors are asking, “Now what?”