Up 50% Since May, Is Palantir Stock a Buy?

By Neil Rozenbaum – Jul 8, 2022 at 11:00AM

NYSE: PLTR

Palantir Technologies

Market Cap

$48B

Today's Change

(0.56%) $0.12

Current Price

$21.71

Price as of April 25, 2024, 4:00 p.m. ET

New deals are announced frequently for the company, but high expenses should still worry investors.

In this video, I will be talking about Palantir (PLTR 0.56%) and the recent Google Cloud partnership, and I will revisit some financial metrics that investors should keep an eye on before the upcoming earnings season.

Palantir Foundry and Google Cloud are partnering to power data-driven transformations in commercial industries.
Palantir CEO Alex Karp recently said during an interview that the company's commercial product is the single best product in the world.
Per its last quarterly earnings report, the company still expects annual revenue growth of 30% or greater through 2025.

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*Stock prices used were the closing prices of July 7, 2022. The video was published on July 8, 2022.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Palantir Technologies Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), and Palantir Technologies Inc. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.