Published on 27 Dec 2024 on Benzinga
...Palantir Nearly 3X More Expensive Than Industry Average: PLTR Stock Zooms...
Palantir Technologies Inc PLTR has delivered a remarkable 395% return this year, outperforming the entire S&P 500. Despite this strong performance, concerns are growing about the stock’s lofty valuation, with a few analysts expressing caution due to potential overbought conditions.
What Happened: Palantir’s shares are trading at a price nearly 172 times over its 2025 earnings, according to Benzinga Pro data. At the same time, the average forward price-to-earnings of its peers stand at 59.440 times, implying that PLTR is nearly three times more expensive than its industry's average.