Should You Forget Palantir and Buy These 2 Tech Stocks Instead?

Palantir Technologies (NASDAQ: PLTR) was the best-performing stock in the S&P 500 last year. The company began to see a lot of momentum with its artificial intelligence (AI) platform, as its focus on the workflow and application layers of AI led many companies to test its solution. It continues to have a big opportunity as it starts transitioning customers from proof of concept into production.That said, the strong run in Palantir's stock has left it with an astronomical valuation, trading at a forward price-to-sales ratio (P/S) of 40 times fiscal 2025 estimates for a company that just grew its revenue by 30% last quarter. That's more than double peak software-as-a-service (SaaS) multiples from a few years ago when SaaS stocks were growing in the mid-30% range. Meanwhile, Palantir executives, including its CEO, chairman, and chief technology officer, among others, have been aggressively selling shares the past few months. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool