Palantir Stock Is Near Its Record. Here's the Price at Which I'd Buy It.

Palantir Technologies trades near record highs at ~$198, commanding a 170x earnings multiple. While the company demonstrates exceptional growth with 93% revenue increases and rapidly rising profits, analyst Daniel Sparks considers the current valuation excessive. He would buy the stock at ~$140 per share (120x earnings), a level the market accepted just months ago. However, if earnings continue growing as expected, the stock could reach that valuation without falling.