Where Will Palantir Stock Be in 5 Years?

When it comes to artificial intelligence (AI) stocks, Palantir Technologies (NASDAQ: PLTR) might just be the hottest name out there. As of the closing bell on July 8, shares of Palantir have gained 85% on the year. That's better than each member of the "Magnificent Seven" by a considerable margin. As I write this, Palantir is the top-performing stock in the S&P 500 and Nasdaq-100 index so far this year.With a market capitalization of $330 billion, Palantir is currently the sixth-most valuable software company in the world. That's more than Salesforce, ServiceNow, Adobe, and IBM.While chasing a hot opportunity can be tempting, smart investors understand the risks of investing in momentum stocks. Let's take a detailed look at Palantir's valuation to help determine if the company's skyrocketing stock price is justified. Could Palantir stock be headed for even further gains? Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool