Palantir Stock Lands a New Street-High Price Target
AI stock Palantir (NASDAQ:PLTR) presents a bit of a conundrum for investors right now. On the one hand, the company has been on a steady upward trajectory, delivering strong earnings reports and gaining real traction with its products – particularly its AI offering, AIP (Artificial Intelligence Platform). On the other hand, the share gains that followed its success have left the stock with an extremely lofty valuation.
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This point was brought up by Loop Capital analyst Mark Schappel, who notes that the stock is now trading at a sky-high 48x EV/2027E Revenue – the richest multiple in the entire enterprise software space. In short, “PLTR is not for the faint of heart.”
However, Schappel says…
