Down 67% in 2022, Is Palantir Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 1, 2023 at 6:45AM

NYSE: PLTR

Palantir Technologies

Market Cap

$48B

Today's Change

(0.51%) $0.11

Current Price

$21.76

Price as of May 17, 2024, 4:00 p.m. ET

The data analysis company's top-line growth decelerated in 2022.

Palantir (PLTR 0.51%) hopes to accelerate revenue growth in 2022 as businesses look to analyze their data for insights.

*Stock prices used were the afternoon prices of Dec. 29, 2022. The video was published on Dec. 31, 2022.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.