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Palantir Technologies Stock Overview
Palantir Technologies (NASDAQ: PLTR) has seen its stock price rise approximately 2,300% since OpenAI’s ChatGPT release in late 2022, reaching a market capitalization of about $424 billion. The company reported a 48% year-over-year revenue increase in its most recent quarter, with U.S. commercial sales soaring by 93%.
Despite impressive growth, Palantir’s valuation is questioned, trading at an enterprise value to EBITDA multiple of 221, with a price-to-sales ratio over 100. Analysts have set an average price target of $155, indicating a 14% decline from current levels. Investors are being urged to consider alternative stocks with more attractive valuations and growth potential, such as Alibaba (NYSE: BABA) and ASML (NASDAQ: ASML).
Alibaba’s cloud segment grew 26% year-over-year, while ASML reported a 34% revenue increase in the first half of the year. Both companies are well-positioned to capitalize on AI demand and could surpass Palantir’s market value by the end of next year.
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