Palantir Technologies Stock: Will It Hit a $500 Billion Valuation This Year?

Unstoppable -- that's the one word I would use to describe Palantir Technologies (NASDAQ: PLTR) stock. There seems to be no way to stop its ascent. Even though its valuation may be telling you the stock is wildly overpriced, it continues to soar higher. The company has been continuing to grow its sales and profits at high rates. And it's doing this while leveraging artificial intelligence (AI) in its data analytics platform to drive more business and win over customers. Whether you're a growth investor, bullish on AI, or just love a hot, trending stock like Palantir, you may have been buying into its impressive rally this year. Recently, it crossed $400 billion in market cap, making it one of the most valuable tech companies in the world. Is it possible that it goes even higher this year and reaches a valuation of at least $500 billion?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool