Why Shares of Palantir Are Trading Higher Today
From Yahoo Finance: 2025-04-08 12:14:00
Shares of Palantir Technologies (NASDAQ: PLTR) rose 7.4% with no clear reason. Investors are hopeful for trade deals to avoid tariffs. The stock has held up well this year, despite a high valuation and potential impact from defense budget cuts. The Trump administration supports innovative AI companies with a forward-leaning mindset.
Palantir stock has been resilient despite challenges and trades at 139 times forward earnings. Consider the volatility and take a long-term approach if buying. The Motley Fool’s Stock Advisor team did not include Palantir in their top 10 stock picks. The top 10 stocks historically have produced significant returns, outperforming the S&P 500 by a wide margin.
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