Palantir stock is trading at a lofty valuation "which history suggests is nearly impossible to grow into," Deutsche Bank's Brad Zelnick said.

Palantir Technologies Inc. (NASDAQ:PLTR – Get Free Report)’s stock price was up 25.2% during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $42.00 to $110.00. Citigroup currently has a neutral rating on the stock.

Despite impressive profitability and sales growth, PLTR's stock valuation at 53.5x leading sales is frothy, necessitating a rating change to “Sell.” Read more here.

Data-mining and analytics company Palantir (NYSE:PLTR) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 36% year on year to $827.5 million. On top of that, next quarter’s revenue guidance ($860 million at the midpoint) was surprisingly good and 7.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) had its price objective hoisted by research analysts at UBS Group from $80.00 to $105.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock.

Palantir Technologies Inc. saw its shares jump as much as 22% in extended trading on Monday after the company reported fourth-quarter earnings and revenue that surpassed analysts’ expectations. Thestrong results,

Palantir bet on software that allows companies to deploy large-language models in a practical sense, and management says that’s paying off big time.

Palantir Technologies stock was soaring after the company posted a big beat with its fourth-quarter results on Monday afternoon. Earnings per share were up annually by 75% to 14 cents, compared with Wall Street’s consensus estimate of 11 cents,