Should You Buy Palantir Stock Right Now?
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Palantir's stock has surged 940% since early 2024, driven by AI market interest and growth in its commercial business, which saw a 93% revenue increase in Q2. However, despite this growth, analysts advise against buying the stock now due to its high valuation of 275 times projected earnings. Investors are cautioned that expectations may be too high, and any shortfall could lead to a significant stock price drop. Current shareholders are recommended to hold their shares rather than invest further.
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