Palantir is near breakout and many bullish fundamentals, including:
Strong cash flow
No debt
124% net dollar retention shows that it is adding and keeping customers on both sides of its business.
However, with PLTR stock nearing its ATH, valuation concerns are coming to the forefront. There’s no way to spin the company’s strong fundamentals as a justification for its current stock price. Investors usually pay a premium for technology stocks. They might need to look back at Amazon.com Inc (NASDAQ:AMZN). to find a company that grew into a massive valuation. Palantir bulls might argue that AIP is to Palantir what AWS has been to Amazon.
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