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Barchart
Barchart
Amit Singh

The Market Overlooks Palantir Stock’s Premium Price Tag - Should You?

Palantir United States PLTR

Palantir Technologies (PLTR) has been on a remarkable upward trajectory. On Aug. 4, the company’s stock surged to a fresh 52-week high of $161.40 ahead of earnings. Adding to the positives, Palantir delivered solid second-quarter results last night that exceeded expectations, showcasing the solid demand for its Artificial Intelligence Platform (AIP). The market responded positively, sending PLTR shares up more than 6% in early trading today.

This growth adds to what has already been a stellar year for Palantir. PLTR stock has skyrocketed more than 127% year-to-date and an eye-popping 614% over the past year. However, due to this extraordinary rally, Palantir stock trades at ultra-high valuation levels.

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