Is Palantir (pltr) a good stock to buy now?

The latest hype cycle is undoubtedly artificial intelligence (AI), and Palantir (NYSE: PLTR) has gotten caught up in its rise. Let's look at where Palantir might be in five years and decide if the stock is still worth purchasing now. Part of the reason for Palantir's rise is that it has been using AI from the start of the company.

Is Palantir Technologies (pltr) overbought as an artificial intelligence play?

Analysts want to hit pause on Palantir Technologies (NASDAQ:PLTR) stock, saying the software as a service company is overbought as an artificial intelligence play. Since four analysts downgraded PLTR stock around June 16 they’re down 15%, trading June 22 around $14. The price remains generous.

What if Palantir grew its revenue 2028?

If Palantir can grow its revenue at a 20% compound annual growth rate for five years and achieve a profit margin of 20%, that will give Palantir revenue of $4.94 billion and profits of $988 million in 2028. At Palantir's current market cap of $37 billion, that would value the stock at 37 times earnings.

What makes Palantir a great company?

Palantir is a company that is highly focused on artificial intelligence (AI), which has been the primary culprit for its fantastic year. Palantir is a data processing platform at its core. It takes in any information a client feeds it and can give its users insights on what action they should take.