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Smart Money Shifts: Palantir (PLTR) Gains Hedge Fund Backing as Snowflake (SNOW) Sees Trims
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Palantir (NASDAQ:PLTR) shares sit near $123, down about 25% this year, and on paper that looks like a stock in trouble.
The stock trades around 38 times forward sales and roughly 91 times forward earnings, multiples that assume years of fast growth are already locked in.
And it is cheaper: Snowflake trades at a forward price-to-sales multiple of 15, a fraction of Palantir’s 38 times.
The Open QuestionSo, is Palantir worth paying up for today, given everything that’s still riding on the years ahead?
If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.