Can C3.ai Become the Next Palantir Technologies?

Palantir Technologies (NASDAQ: PLTR) stock was in red-hot form in 2024 as investors showed increasing interest in this software platforms specialist thanks to strong demand for the company's artificial intelligence (AI)-focused offerings, which led to nice accelerations in its top- and bottom-line growth.As of this writing, the stock is up an eye-popping 380% this year, and now trades at an extremely rich valuation. With a price-to-sales ratio of 75 and a trailing earnings multiple of 412, Palantir is not an ideal candidate for investors looking to buy an artificial intelligence (AI) stock at a reasonable valuation.Of course, the forward earnings multiple of 217 indicates that the company's bottom line is expected to improve remarkably in the coming year, but that rich valuation also means that any signs of weakness in Palantir's growth story could send the stock spiraling downward. There is a good chance that Palantir can sustain its impressive growth in the long run considering the lucrative AI software platforms market that it is serving, but it's still a risky investment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool