Palantir Stock Overvalued, Up 500%

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Business & Economics

Palantir trades at 500 times earnings. CEO Alex Karp’s vision of a government ruled by tech could justify the price

Summary

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Palantir 's stock is up 500% since last January after being the S&P 500’s top performer in 2024 .

Analysts say increased scrutiny on government spending bodes well for the company's value proposition.

News of cuts at the Pentagon and plans to slash defense spending have sent the company shares plunging 25% .

Among 29 analysts surveyed by Bloomberg , only four have a buy rating on the company.

Palantir generated 55% of its $2.9 billion of revenue in 2024 from government contracts.

The company’s U.S. commercial revenues grew 64% last year .

Analysts say PalantIR 's emphasis on using tech to create more efficiencies and minimize wasteful spending means DOGE should end up being a tailwind for the company.

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