March 5, 2021
Business News

The Fate of Palantir Stock Remains up in the Air, Says Analyst

Big data. Big government contracts. And a big market entry.

Since going public at the end of September, Palantir (PLTR) has made its presence felt. Shares are up by 177%, giving the company a premium valuation when compared to even other fast-growth SaaS names, and decidedly higher multiples than those commanded by traditional government contractors.

Everything about Palantir says big, from its data platform to the huge deals to its bulky valuation. In fact, the market it addresses is huge,…

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