Palantir’s High-Flying Stock Is So Expensive It Doesn’t Make Any Sense |
Palantir – the secretive US tech giant – has seen its shares rise over 250% in the past year. And sure, they’ve fallen some as well, dropping 30% in the past month or so. But with a price-to-earnings ratio of over 150 times, this stock could well have much, much further to fall. I’ve looked closely at the business and its valuation, but I can’t justify Palantir’s share price. Now, it might seem like you’re onto something good, after that run-up last year – but, frankly, I’m worried you’re headed for a world of hurt. Here’s what Palantir does, what it should earn, its current valuation – and what all of that should tell you as an investor. |
|
|
Carl Hazeley leads Finimize's team of analysts, editors, and audio producers – the folks who create the company's daily news, analysis, and research pieces. He spent over six years at Goldman Sachs as an equity research analyst, first as a generalist covering small and mid-cap stocks, and later leading the firm’s coverage of European internet companies. Carl aims to invest in quality growth stocks for the long term and is relatively valuation-agnostic. That said, most of his investing is done via low-cost global stock market ETFs. |
| |
|
Missed a recent Research Report? |
|
|
|
