Palantir stock surged nearly 2.3% as of 2:37 p.m. ET today, bringing its gains to 4.5% earlier in the day. The reason behind this sudden move remains unclear, but it’s likely driven by the broader market rally. After a six-day losing streak, Palantir appears to be bouncing back alongside the Dow Jones Industrial Average and S&P 500.
The company’s artificial intelligence data capabilities have gained traction among government departments and commercial businesses. However, some analysts, including Citron Research’s Andrew Left, think the stock has run too far too fast. Left noted that if Palantir were given similar multiples to Nvidia in 2023, its stock could potentially plummet by two-thirds.
Investors seem to be getting ahead of themselves, despite the company’s promising prospects. Despite recent sell-offs, Palantir trades at 245 times forward earnings, raising concerns about valuations. As a result, some analysts recommend waiting for better entry points before investing in the stock.
Source: https://www.fool.com/investing/2025/08/22/why-shares-of-palantir-are-rising-today-after-a-bi