Palantir (NASDAQ:PLTR) jumps, sets new valuation high after NVIDIA (NASDAQ:NVDA) AI agreement
Palantir Technologies Inc. surged 8.8% to $126.98 as of 10:47 a.m. EDT Wednesday. Shares saw an intraday low of $117.70. The company’s valuation hit around $326.5 billion. For investors, the question is the numbers. Trefis said on June 29 that Palantir's $270.3 billion market cap looked reasonable if revenue climbed from $5.2 billion to $34.4 billion over seven years, using a P/E of 28.8 and a net margin of 27.3%. With the stock at a $326.5 billion valuation as of Wednesday morning, the year-seven revenue target jumps to about $41.5 billion and the needed CAGR goes to 34.6% from around 31%.