From Zacks Investment Research: 2025-05-30 20:04:00

Palantir (PLTR) saw a 9% surge in its stock on Friday as it expands government contracts and collaborates with Fannie Mae to combat mortgage fraud. The company also secured a $795 million contract modification with the U.S. Army, bringing the total award to $1.3 billion. Despite the growth potential, Palantir’s stock trades at a high forward earnings multiple of 208.3X and a stretched price to sales premium of 92.6X. While the company has a strong momentum score and growth projections, investors should consider the valuation and earnings estimates before deciding to buy PLTR.



Read more at Zacks Investment Research: Will Palantir Stock Keep Surging After Expanding Government Contracts? – May 30, 2025