Palantir Surges on Strong Growth. Is It Too Late to Buy the Stock?

Palantir Technologies (NASDAQ: PLTR) stock continued its rapid ascent after the data analytics and artificial intelligence (AI) software company reported strong fourth-quarter results that once again showed accelerating revenue growth. The stock is up a whopping 510% over the past year, as of this writing.Palantir has become one of the biggest AI winners on the software side, but with that has also come a frothy valuation. Let's dive into the company's latest results to determine whether it's too late to buy the stock.For the sixth consecutive quarter, Palantir's revenue growth accelerated, rising from 13% to 36% in that period. Fourth-quarter revenue reached $828 million, and adjusted earnings per share (EPS) rose from $0.08 to $0.14 year over year. That was well ahead of the $0.11 in EPS on $776 million in revenue that analysts were expecting, as compiled by LSEG. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool