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Palantir Stock Is Too Expensive

Palantir's stock price fell after it reported second-quarter earnings, partly because the valuation was already rich.

By Parkev Tatevosian, CFA – Aug 10, 2023 at 4:00AM EST

Fool.com contributor Parkev Tatevosian evaluates Palantir's (PLTR +0.01%) latest financial figures and discusses why he feels the stock is too expensive.

*Stock prices used were the afternoon prices of Aug. 7, 2023. The video was published on Aug. 9, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

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.

Stocks Mentioned

Palantir Technologies Stock Quote
Palantir Technologies
NASDAQ: PLTR
$143.06
(-0.02%)-$0.03

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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