1 Incredible Reason to Buy Palantir (PLTR) Stock in November

Since bottoming out in late 2022, Palantir Technologies (NASDAQ: PLTR) stock has risen by a remarkable 2,700%. And with a run like that behind it, new investors might naturally wonder if the stock is still a good buy or if it has gotten too pricey. The answer to that question for any specific investor will depend in part on their time horizon.As of Friday, Palantir was trading at a price-to-earnings ratio of around 612 and a price-to-sales ratio of about 135. Compare that to the tech-heavy Nasdaq-100, which was trading recently at a P/E of about 33, and it's clear that Palantir is carrying a hefty premium.Given those high valuations, a shift in market sentiment could send this artificial intelligence (AI) stock tumbling in the near term, so it might not be the best buy if you're looking for quick gains.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool