Analysts Cautious on Palantir Despite Strong Earnings
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Wall Street analysts have an average 12-month price target of $19.50 for Palantir stock, below its current $23 price.
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Palantir reported strong Q4 results with revenue growth and margin expansion, sparking a stock price jump.
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Analyst price targets may be outdated and not account for recent earnings results.
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At current valuations, Palantir stock looks very expensive based on its price-to-sales ratio.
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Buying Palantir today banks on the company sustaining over 20% revenue growth for 5+ years to be reasonably valued.