Palantir Is One of the S&P 500's Hottest Stocks, but Is the Momentum Sustainable?

Palantir Technologies (NASDAQ: PLTR), which joined the S&P 500 last October, was one of the index's hottest stocks this year. It rallied more than 150% year to date, as the S&P 500 advanced 15%. It's also risen more than 19 times from its earliest trading price of $10 in September 2020.The data mining and analytics company dazzled the market with its accelerating revenue growth, soaring profits, and multibillion-dollar contracts. But can it maintain that feverish momentum? Let's review its business model, growth rates, and valuations to decide.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool