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Palantir Stock Investors Just Got Good News From CEO Alex Karp. Wall Street Says It's Time to Buy.
The Motley Fool·
Palantir Technologies reported strong Q2 results with 93% revenue growth and achieved a Rule of 40 score of 155%. CEO Alex Karp stated the company can maintain its growth and margins for another 18 months, driven by demand for sovereign AI. While Wall Street analysts have a median 12-month price target of $205 (18% upside), the stock trades at an expensive 144x P/E ratio. The analyst recommends cautious entry, limiting positions to 1% of portfolio.
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