Palantir Has Doubled This Year. Is It Too Late to Buy, or Is There More Room to Run?

After a blowout performance last year, Palantir (NASDAQ: PLTR) is delivering an impressive encore this year.Shares of the deep data analytics company were up 109% year to date as of market close July 28, making it the top-performing stock on the S&P 500. For over a year, there's been concern that Palantir's valuation has gotten stretched, but that hasn't stopped the stock from continuing to soar this year.After the surge over the past year, Palantir is more expensive than ever before, and it now trades at a price-to-sales ratio of 126, a sky-high valuation that's far ahead of any other stock in the S&P 500. The second-highest P/S ratio in the index is for Texas Pacific Land at 31. In other words, Palantir stock could fall by 75%, and it would still be the most expensive stock on the S&P 500 on a P/S basis. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool