Palantir Stock Is on Pace for Another Record High
Palantir Technologies stock is pushing even higher on Friday after closing at a record Thursday. In Friday trading, the stock climbed 2.2% to $40.08, on pace to set another record. Shares of the provider of data-analytics software rose 4.
Could Palantir Stock Help You Become a Millionaire?
Furthermore, Palantir's market cap has risen to $82 billion. A 100-fold gain in the stock would take the market cap to $8.2 trillion. This is about 2.3 times the $3.4 trillion market cap of Apple, the current market cap leader. That shows the extent of how much Palantir is going to have to grow to make millionaires out of small investors.
Is Palantir Stock a Buy?
But that premise doesn't in and of itself make Palantir stock a buy. Valuation always matters in investing, and investors need to be clear about what expectations have been priced into Palantir's shares after their impressive surge. PLTR Revenue (TTM) data by YCharts.
Palantir Stock: Big Data, Big Gains
Christian Fromhertz, CEO of The Tribeca Trade Group, joined Benzinga's Premarket Prep to discuss some of the stocks he is currently invested in, with A.I. giant Palantir being one of them.
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Shares of Palantir (NYSE: PLTR) ripped 18.2% higher in September, according to data from S&P Global Market Intelligence. The software and artificial intelligence (AI) platform for the military and big business joined the S&P 500 (SNPINDEX: ^GSPC) index,
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