598
Moreover, Palantir’s valuation remains sky-high. The most recent data shows the stock trading at 198 times 12-month forward earnings.
Shares declined earlier this month on the heels of Palantir’s first-quarter earnings report. While revenue topped analysts’ expectations, commercial revenue growth outside the U.S. fell 5%, largely due to poor performance in Europe.
Enthusiasm abounds for the company’s potential to dominate the market for AI-powered data analytics. Palantir remains firmly rooted in the defense sector, and appears to be the platform of choice for the U.S. Army and other agencies. However, the stock’s fundamentals may make it a less attractive buy to some analysts.
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