Is It Too Late to Buy Palantir Stock?

Tech stocks have embarked on a solid rally this year, driven by high hopes for continued artificial intelligence (AI) adoption, as well as expectations for a more favorable interest rate environment going into 2024. But while some tech names have stumbled this earnings season, shares of Palantir Technologies (PLTR) are up 35% just for the month of November - and the stock has surged a staggering 211% in 2023. 

Now valued at a market cap of $43.01 billion, let’s see if Palantir stock is still a good buy right now.