One of the most impressive growth stocks in recent years, Palantir (NASDAQ:PLTR) has also become among the most discussed names in the market. With a market capitalization that’s now approaching $500 billion, and some expectations that this stock could be another entrant into the $1 trillion club.
Well, most investors. There are other prominent figures in the world of finance such as Michael Burry who have spoken out against Palantir’s valuation, believing this fast-growing stock doesn’t have the fundamentals to support its current market capitalization.
With that in mind, let’s do a deep dive into the bull and bear case surrounding Palantir and come to a conclusion around where this stock is likely headed in the New Year.
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