Palantir Stock Is Up 585% Since Early 2024. History Is Clear About What Happens Next

Motley Fool02-17

Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it ...

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WolfMyFren
·02-17
Nah, it will definitely drop but it wont crash amd burn.Its a good stock
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Grumpy Cat
·02-17
It's going to crash and burn so hard, so many people are going to lose a lot of money.
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History Is Clear About What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-17 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ51526630.SGD","symbol_name":"大华环球创新基金A Acc SGD","start_time":0,"source_url":"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/","article_id":"2511678817","we_media_id":null,"thumbnails":[],"rights":{"source":"fool_stock","url":"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/","rn_cache_url":null,"customStyle":"","selectors":".main-contain, #article-page","filters":"#sticky-wrapper, .navigation, .article-page-end, .foot, .author-tagline, .author-inline, .footer, .soc-share, .wysiwyg, .related-content","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2511678817","pubTimestamp":1739763318,"columns":[],"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales  ratio currentlyexceeds 55, making it one of the most expensive software stocks of the past decade.Only a few software stocks achieved a forward PS ratio above 40 in the past decade, and all of them eventually declined by at least 70%.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","BK4503":"景林资产持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2237443549.SGD":"Aberdeen Standard SICAV I - 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The stock has rocketed higher on the news, such that its total return since January 2024 now stands at 585%.Palantir was the best-performing member of the S&P 500 during that period. In fact, it beat the next closest stock by 250 percentage points. But Palantir is now one of the most expensive software stocks in history, and there is little questions about what happens next: One way or another, it's valuation is going to fall.Palantir is one of the most expensive software stocks of the past decadeBrent Thill at Jefferies in a recent CNBC interview praised Palantir for strong execution in the fourth quarter. But he also noted the stock has a forward price-to-sales (PS) ratio above 55, a valuation that few software companies have ever achieved and no company has ever maintained. To clarify, the forward PS ratio equals the market value divided by the forecasted revenue from the next year.My own research led to the same conclusion. After looking at more than 50 software stocks over the last decade, here's what I found:Only five software companies (excluding Palantir) achieved a forward PS ratio above 40: Asana, Confluent, Snowflake, UiPath, and Unity Software.Only Snowflake achieved a forward PS ratio over 50. The stock peaked just shy of 60 times forward sales in November 2021.After hitting their peak valuations, all five stocks fell more than 50% in the next 12 months. Additionally, they ultimately suffered maximum declines exceeding 70%, and they are still at least 50% below their record highs today.Palantir has a forward PS multiple of 56 as of Feb. 13. Snowflake is the only other software company in the last decade (to my knowledge) to achieve a higher valuation multiple, and its stock crashed after peaking near 60 time forward sales. That is particularly worrisome because Snowflake's revenue was growing faster than 100% when it hit that valuation multiple.Comparatively, Palantir's trailing-12-month (TTM) revenue increased just 29% in 2024, and Wall Street expects revenue to increase just 32% in 2025. Meanwhile, Palantir shares have advanced 585% since January 2024, putting upward pressure on its valuation multiple. As a result, it is now one of the most expensive software stocks in history.That does not mean Palantir is headed for a reckoning anytime soon. However, every available data point suggests its forward PS multiple is headed much lower in the future, and there are only three ways that can happen: Wall Street analysts raise their revenue forecasts significantly, Palantir shares decline sharply, or some combination of the two.Palantir is an excellent business, but a very risky stock at its current priceThe International Data Corporation (IDC) recently ranked Palantir as the market leader in decision intelligence software. And Forrester Research has recognized the company as a technology leader in artificial intelligence platforms, awarding its AIP product higher scores than similar solutions from Alphabet's Google, Amazon, and Microsoft.That puts Palantir in a good position. IDC estimates AI platform spending will grow at 40% annually through 2028. So, the company has very compelling growth prospects. However, not even the best business is worth buying at any price. Palantir's forward PS multiple is an alarm bell that shouldn't be ignored.Instead, current shareholders should consider selling down their positions, particularly if Palantir accounts for a large percentage of their portfolio. Similarly, prospective investors should keep the stock on their watchlists for now. I think much better buying opportunities will arise in the future.For instance, even though Snowflake is currently 52% off its record high, the stock is also 77% above its record low. So, investors have had plenty of opportunities to make money on Snowflake since its sharp decline in early 2022. The same is likely true of Palantir. The key is waiting for the right price, rather than chasing a stock with an alarmingly high valuation.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":404450793452168,"gmtCreate":1739766856301,"gmtModify":1739769612009,"author":{"id":"3557891754083819","authorId":"3557891754083819","name":"WolfMyFren","avatar":"https://static.tigerbbs.com/9c997f2483bc522379c036e25e760fe0","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3557891754083819","authorIdStr":"3557891754083819"},"htmlText":"Nah, it will definitely drop but it wont&nbsp;crash amd burn.Its a good stock","listText":"Nah, it will definitely drop but it wont&nbsp;crash amd burn.Its a good stock","text":"Nah, it will definitely drop but it wont crash amd burn.Its a good stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/404450793452168","repostId":2511678817,"repostType":2,"repost":{"id":"2511678817","kind":"highlight","pubTimestamp":1739763318,"share":"https://ttm.financial/m/news/2511678817?lang=&edition=fundamental","pubTime":"2025-02-17 11:35","market":"us","language":"en","title":"Palantir Stock Is Up 585% Since Early 2024. History Is Clear About What Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2511678817","media":"Motley Fool","summary":"Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales  ratio currentlyexceeds 55, making it one of the most expensive software stocks of the past decade.Only a few software stocks achieved a forward PS ratio above 40 in the past decade, and all of them eventually declined by at least 70%.","content":"<div>\n<p>Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/\">Web Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Stock Is Up 585% Since Early 2024. 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History Is Clear About What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-17 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","BK4503":"景林资产持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4523":"印度概念","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","PLTR":"Palantir Technologies Inc.","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","BK4581":"高盛持仓","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4077":"互动媒体与服务","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2511678817","content_text":"Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it one of the most expensive software stocks of the past decade.Only a few software stocks achieved a forward PS ratio above 40 in the past decade, and all of them eventually declined by at least 70%.Palantir Technologies earlier this month reported fourth-quarter financial results that crushed Wall Street's expectations. The stock has rocketed higher on the news, such that its total return since January 2024 now stands at 585%.Palantir was the best-performing member of the S&P 500 during that period. In fact, it beat the next closest stock by 250 percentage points. But Palantir is now one of the most expensive software stocks in history, and there is little questions about what happens next: One way or another, it's valuation is going to fall.Palantir is one of the most expensive software stocks of the past decadeBrent Thill at Jefferies in a recent CNBC interview praised Palantir for strong execution in the fourth quarter. But he also noted the stock has a forward price-to-sales (PS) ratio above 55, a valuation that few software companies have ever achieved and no company has ever maintained. To clarify, the forward PS ratio equals the market value divided by the forecasted revenue from the next year.My own research led to the same conclusion. After looking at more than 50 software stocks over the last decade, here's what I found:Only five software companies (excluding Palantir) achieved a forward PS ratio above 40: Asana, Confluent, Snowflake, UiPath, and Unity Software.Only Snowflake achieved a forward PS ratio over 50. The stock peaked just shy of 60 times forward sales in November 2021.After hitting their peak valuations, all five stocks fell more than 50% in the next 12 months. Additionally, they ultimately suffered maximum declines exceeding 70%, and they are still at least 50% below their record highs today.Palantir has a forward PS multiple of 56 as of Feb. 13. Snowflake is the only other software company in the last decade (to my knowledge) to achieve a higher valuation multiple, and its stock crashed after peaking near 60 time forward sales. That is particularly worrisome because Snowflake's revenue was growing faster than 100% when it hit that valuation multiple.Comparatively, Palantir's trailing-12-month (TTM) revenue increased just 29% in 2024, and Wall Street expects revenue to increase just 32% in 2025. Meanwhile, Palantir shares have advanced 585% since January 2024, putting upward pressure on its valuation multiple. As a result, it is now one of the most expensive software stocks in history.That does not mean Palantir is headed for a reckoning anytime soon. However, every available data point suggests its forward PS multiple is headed much lower in the future, and there are only three ways that can happen: Wall Street analysts raise their revenue forecasts significantly, Palantir shares decline sharply, or some combination of the two.Palantir is an excellent business, but a very risky stock at its current priceThe International Data Corporation (IDC) recently ranked Palantir as the market leader in decision intelligence software. And Forrester Research has recognized the company as a technology leader in artificial intelligence platforms, awarding its AIP product higher scores than similar solutions from Alphabet's Google, Amazon, and Microsoft.That puts Palantir in a good position. IDC estimates AI platform spending will grow at 40% annually through 2028. So, the company has very compelling growth prospects. However, not even the best business is worth buying at any price. Palantir's forward PS multiple is an alarm bell that shouldn't be ignored.Instead, current shareholders should consider selling down their positions, particularly if Palantir accounts for a large percentage of their portfolio. Similarly, prospective investors should keep the stock on their watchlists for now. I think much better buying opportunities will arise in the future.For instance, even though Snowflake is currently 52% off its record high, the stock is also 77% above its record low. So, investors have had plenty of opportunities to make money on Snowflake since its sharp decline in early 2022. The same is likely true of Palantir. The key is waiting for the right price, rather than chasing a stock with an alarmingly high valuation.","news_type":1,"symbols_score_info":{"PLTR":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":404447045292216,"gmtCreate":1739766264615,"gmtModify":1739766267604,"author":{"id":"4128529562415932","authorId":"4128529562415932","name":"Grumpy Cat","avatar":"https://community-static.tradeup.com/news/1a6e0322f5b01c133535886ac9ddb5ef","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4128529562415932","authorIdStr":"4128529562415932"},"htmlText":"It's going to crash and burn so hard, so many people are going to lose a lot of money.&nbsp;","listText":"It's going to crash and burn so hard, so many people are going to lose a lot of money.&nbsp;","text":"It's going to crash and burn so hard, so many people are going to lose a lot of money.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/404447045292216","repostId":2511678817,"repostType":2,"repost":{"id":"2511678817","kind":"highlight","pubTimestamp":1739763318,"share":"https://ttm.financial/m/news/2511678817?lang=&edition=fundamental","pubTime":"2025-02-17 11:35","market":"us","language":"en","title":"Palantir Stock Is Up 585% Since Early 2024. History Is Clear About What Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2511678817","media":"Motley Fool","summary":"Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales  ratio currentlyexceeds 55, making it one of the most expensive software stocks of the past decade.Only a few software stocks achieved a forward PS ratio above 40 in the past decade, and all of them eventually declined by at least 70%.","content":"<div>\n<p>Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/\">Web Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Stock Is Up 585% Since Early 2024. History Is Clear About What Happens Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Stock Is Up 585% Since Early 2024. History Is Clear About What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-17 11:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it ...</p>\n\n<a href=\"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","BK4503":"景林资产持仓","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4523":"印度概念","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","PLTR":"Palantir Technologies Inc.","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","BK4581":"高盛持仓","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4077":"互动媒体与服务","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC"},"source_url":"https://www.fool.com/investing/2025/02/15/palantir-stock-up-585-history-what-happens-next/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2511678817","content_text":"Palantir's share price has skyrocketed 585% since January 2024 amid strong demand for its artificial intelligence platform.Palantir's forward price-to-sales (PS) ratio currentlyexceeds 55, making it one of the most expensive software stocks of the past decade.Only a few software stocks achieved a forward PS ratio above 40 in the past decade, and all of them eventually declined by at least 70%.Palantir Technologies earlier this month reported fourth-quarter financial results that crushed Wall Street's expectations. The stock has rocketed higher on the news, such that its total return since January 2024 now stands at 585%.Palantir was the best-performing member of the S&P 500 during that period. In fact, it beat the next closest stock by 250 percentage points. But Palantir is now one of the most expensive software stocks in history, and there is little questions about what happens next: One way or another, it's valuation is going to fall.Palantir is one of the most expensive software stocks of the past decadeBrent Thill at Jefferies in a recent CNBC interview praised Palantir for strong execution in the fourth quarter. But he also noted the stock has a forward price-to-sales (PS) ratio above 55, a valuation that few software companies have ever achieved and no company has ever maintained. To clarify, the forward PS ratio equals the market value divided by the forecasted revenue from the next year.My own research led to the same conclusion. After looking at more than 50 software stocks over the last decade, here's what I found:Only five software companies (excluding Palantir) achieved a forward PS ratio above 40: Asana, Confluent, Snowflake, UiPath, and Unity Software.Only Snowflake achieved a forward PS ratio over 50. The stock peaked just shy of 60 times forward sales in November 2021.After hitting their peak valuations, all five stocks fell more than 50% in the next 12 months. Additionally, they ultimately suffered maximum declines exceeding 70%, and they are still at least 50% below their record highs today.Palantir has a forward PS multiple of 56 as of Feb. 13. Snowflake is the only other software company in the last decade (to my knowledge) to achieve a higher valuation multiple, and its stock crashed after peaking near 60 time forward sales. That is particularly worrisome because Snowflake's revenue was growing faster than 100% when it hit that valuation multiple.Comparatively, Palantir's trailing-12-month (TTM) revenue increased just 29% in 2024, and Wall Street expects revenue to increase just 32% in 2025. Meanwhile, Palantir shares have advanced 585% since January 2024, putting upward pressure on its valuation multiple. As a result, it is now one of the most expensive software stocks in history.That does not mean Palantir is headed for a reckoning anytime soon. However, every available data point suggests its forward PS multiple is headed much lower in the future, and there are only three ways that can happen: Wall Street analysts raise their revenue forecasts significantly, Palantir shares decline sharply, or some combination of the two.Palantir is an excellent business, but a very risky stock at its current priceThe International Data Corporation (IDC) recently ranked Palantir as the market leader in decision intelligence software. And Forrester Research has recognized the company as a technology leader in artificial intelligence platforms, awarding its AIP product higher scores than similar solutions from Alphabet's Google, Amazon, and Microsoft.That puts Palantir in a good position. IDC estimates AI platform spending will grow at 40% annually through 2028. So, the company has very compelling growth prospects. However, not even the best business is worth buying at any price. Palantir's forward PS multiple is an alarm bell that shouldn't be ignored.Instead, current shareholders should consider selling down their positions, particularly if Palantir accounts for a large percentage of their portfolio. Similarly, prospective investors should keep the stock on their watchlists for now. I think much better buying opportunities will arise in the future.For instance, even though Snowflake is currently 52% off its record high, the stock is also 77% above its record low. So, investors have had plenty of opportunities to make money on Snowflake since its sharp decline in early 2022. The same is likely true of Palantir. The key is waiting for the right price, rather than chasing a stock with an alarmingly high valuation.","news_type":1,"symbols_score_info":{"PLTR":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":18,"commentSize":2,"repostSize":3,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}