Is this the major correction analysts have been predicting—or even hoping for—in Palantir stock? A pullback in PLTR shares seems more likely than not at this point. However, as of late trading on December 19, PLTR stock had made up most of the prior day’s losses and is up 314% in 2024.
Still, many analysts continue to question Palantir’s extended valuation. The stock trades at over 65x sales and has a forward price-to-earnings (P/E) ratio of 361x. Even among technology stocks, that’s a stiff premium to pay.
