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Palantir stock price forecast amid heightened valuation risks
['Crispus Nyaga']
Invezz
The Palantir stock price has surged this year and is the best-performing company in the Nasdaq 100 Index this year.
Palantir growth is continuingCopy link to sectionThe ongoing PLTR stock price surge has pushed its market capitalization to over $432 billion, making it the 21st biggest company globally.
These numbers mean that the company has a forward price-to-sales multiple of 103, much higher than most other companies, including Nvidia, which has a forward multiple of 29.
This is a common approach that looks at a company’s revenue growth and its margins.
PLTR stock price analysisCopy link to sectionPalantir stock price chart | Source: TradingViewThe daily timeframe chart shows that the Palantir stock price has been in a strong bull run in the past few years.
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