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Markets · Investing · Business
Finance
Palantir Is Worth $413 Billion. The $500 Billion Line Sits Almost Exactly at Its Record High.
A half-trillion-dollar valuation works out to about $208 a share. Shares have already traded within about 55 cents of it.
Palantir Technologies(NASDAQ: PLTR) closed Friday at $172.01, a 10% jump for the session, and about 37% above where the stock traded before its second-quarter report landed on Aug. 3. That price values the artificial intelligence (AI) software company at about $413 billion.
That's a big number. But it puts an even bigger one within view: What would it take for Palantir to be worth $500 billion?
Details
The company had about 2.4 billion shares outstanding as of late July, so a half-trillion-dollar valuation works out to about $208 a share. Palantir's record high, reached in early November, is $207.52.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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