1 Crucial Factor Intelligent Investors Know About Palantir Stock

By Parkev Tatevosian, CFA – Jul 18, 2023 at 5:15AM

NYSE: PLTR

Palantir Technologies

Market Cap

$80B

Today's Change

(1.95%) $0.68

Current Price

$35.59

Price as of September 13, 2024, 4:00 p.m. ET

Higher interest rates are allowing Palantir to capitalize on its massive cash balance.

Fool.com contributor Parkev Tatevosian elaborates on how Palantir (PLTR 1.95%) will generate more net income in 2023.

*Stock prices used were the afternoon prices of July 15, 2023. The video was published on July 17, 2023.

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 his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.