Palantir has posted triple-digit annual gains three years running, and analysts keep raising their estimates even as the stock trades well above their price targets. One number reveals whether $300 per share is a legitimate target or a valuation trap.
Palantir Technologies (NASDAQ:PLTR | PLTR Price Prediction) offers large organizations a simple deal. They can plug any AI model into their operations and still keep their data, logic, and know-how under their own control.
Its AIP platform runs on top of Foundry and Gotham, and that pitch has produced the fastest growth in Palantir’s history. Revenue rose 93% year-over-year last quarter, and CEO Alex Karp called the quarter “otherworldly”.
The stock has rallied sharply. Shares are…
