Palantir stock now at $500billion

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Alxndr 19 hours ago

Seriously how is this stock valued at $500billion with a P/E ratio of 600 lol. It's just a few billion away from Tencent and Oracle in terms of market cap.

It's so insane to me how a company can go from a $13billion market cap to $500billion market cap in 3 years. I'm not hating on the company I think this kind of tech is great for industry and government, but the P/E ratio doesn't make the slightest bit of sense.

Even Tesla P/E ratio is "only" 300.

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Showing 1-12 of 12 comments

Gibs Ahoy! 14 hours ago

Gee, maybe that's why it's down 8% this morning, despite nominally good earnings.

Gibs Ahoy! 14 hours ago

RBC raised their price target to $50, lol.

Rumpelcrutchskin 14 hours ago

War and spying on everybody is always lucrative business.

MinionJoe 14 hours ago

I used to put all of my spare change in the center console of the car and leave it there.

After four years, I had over $90 there.

I suspect Palantir is a similar situation.

Puggly the Grey 14 hours ago

All dese tech CEOs want so badly to be le villains from Tolkien’s works, it’s really weird.

Corvus XIII 14 hours ago

It is a proven company and is in much use.
Ukraine has done wonders for it.

Rumpelcrutchskin 14 hours ago

Originally posted by Alxndr:
It's so insane to me how a company can go from a $13billion market cap to $500billion market cap in 3 years.

War in Ukraine has been going on for 3 years. This is not a coincidence.

パエトーン (Belle) 13 hours ago

Glad I bought a ton of it at $25 last year. Already shed some to balance my portfolio.

パエトーン (Belle) 13 hours ago

Originally posted by Corvus XIII:
It is a proven company and is in much use.
Ukraine has done wonders for it.

Palantir is pretty much in-bed with the USA's military industrial complex, on top of finding great usecases for AI across industries that people here on OT haven't thought of. This "AI bubble" narrative is going to cause disappointment in people who were too cautious to get invested.

That said, Palantir is way overbought. I'm holding what remains now and I ain't buying more.
Loads of other opportunities elsewhere.

mikel3113 11 hours ago

I'm up 199.55% as of today but it's been greater than a year since I've purchased any. Valuation is stupidly unjustified currently. Revenues will increase and come but not to this degree and not soon enough to give this premium. Forward PE is even too high

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