Will McGough, Prime Capital Financial director of investments, said Palantir is a buy even though the stock has rallied 55% this year.
After Palantir's stock surge, investors now have to pay over 520 times earnings to buy it.
The unorthodox firm is profiting from the AI and Trumpian revolutions
These are the stocks posting the largest moves in midday trading.
These are the stocks posting the largest moves in midday trading.
Shares were roughly 12% lower on Tuesday following first-quarter results.
Palantir fell more than 10% even after the company hiked its guidance as AI demand fueled revenue growth.
The firm reported in-line earnings and topped revenue estimates in the first quarter, and also upped its full-year outlook.
Palantir CEO Alex Karp offered up another batch of colorful commentary to investors as the company posted another strong quarter.