Canada markets close in 5 hours 50 minutes
  • S&P/TSX

    19,891.08
    +53.43 (+0.27%)
     
  • S&P 500

    4,047.83
    +20.02 (+0.50%)
     
  • DOW

    32,810.10
    +92.50 (+0.28%)
     
  • CAD/USD

    0.7386
    +0.0013 (+0.17%)
     
  • CRUDE OIL

    73.55
    +0.58 (+0.79%)
     
  • Bitcoin CAD

    38,570.68
    +88.05 (+0.23%)
     
  • CMC Crypto 200

    618.89
    -0.35 (-0.06%)
     
  • GOLD FUTURES

    1,983.50
    -1.00 (-0.05%)
     
  • RUSSELL 2000

    1,784.72
    +13.12 (+0.74%)
     
  • 10-Yr Bond

    3.5750
    +0.0090 (+0.25%)
     
  • NASDAQ

    12,000.59
    +74.36 (+0.62%)
     
  • VOLATILITY

    19.09
    -0.03 (-0.16%)
     
  • FTSE

    7,616.59
    +52.32 (+0.69%)
     
  • NIKKEI 225

    27,782.93
    -100.85 (-0.36%)
     
  • CAD/EUR

    0.6767
    -0.0032 (-0.47%)
     

After a Brutal 2022, Is Time Up for Palantir Stock?

After a Brutal 2022, Is Time Up for Palantir Stock?

After two decades of staying privately held, big-data analytics company Palantir Technologies (NYSE: PLTR) went public in Sept. 2020. While the company boasts several U.S. government agencies as well as brand-name commercial sector companies on its client roster, Wall Street has expressed concerns about Palantir's near-term growth rate. Palantir is off to a great start in 2023, and although some of the analyst concerns are valid, its valuation looks appealing for long-term investors.