Palantir stock rally falters
This is a news story, published by Yahoo Finance, that relates primarily to Palanir news.
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Palantir stockThe Motley Fool
•Where Will Palantir Technologies Stock Be in 1 Year?
84% Informative
Palantir Technologies ( NYSE : PLTR ) stock shot up 110% in the past year thanks to the rapidly growing demand for its AI software offerings.
Wall Street doesn't anticipate more gains in the coming year .
Analysts are doubtful Palanir can deliver more upside over the next 12 months .
The company's revenue increased 27% from the same period last year to $678 million .
Palantir 's deal sizes are getting bigger, with the company closing 96 deals worth $1 million or more in the previous quarter , up from 66 such deals in the same period last year .
The number of $10 million -plus deals increased by 50% year over year to 27 .
The company's price/earnings-to-growth ratio (PEG ratio) is well below 1 .
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