The AI software company could make its shareholders significantly richer over the next five years despite its high valuation.
Shares of Palantir Technologies (PLTR 2.75%) have shed nearly 34% of their value since hitting a 52-week high in early November. However, the stock roared back into form after the company released its fourth-quarter results on Feb. 2, jumping nearly 7% in the next session.
It is worth noting that Palantir’s expensive valuation has contributed to the drag on the stock in recent months. However, the stellar results it has delivered and the guidance management offered make it clear that there is more to the company than just its lofty valuation.
It won’t be surprising to see the stock go on a more extended bull run…
