Palantir Stock Has Gone Parabolic. Time to Sell?

Data analytics company Palantir Technologies (NASDAQ: PLTR) has been on a tear recently, aided in part by yet another mind-boggling earnings report. In its second quarter, revenue growth surged, profit margin expanded, and guidance was given a big bump. The stock responded with a near-vertical move, rising about 7% in the trading day following the report and moving steadily higher in the days since.With shares now up more than 130% year to date and 930% since the beginning of last year, Palantir has reached a valuation that simply looks unsustainable. Yes, the business is firing on all cylinders. But the stock may now be too hot to touch. Going further, it may even be time for shareholders to take some profits.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool