Palantir's business has been booming as artificial intelligence (AI) elevated the company's offerings, leading to a surge in demand, and multiple quarters of impressive results. But is this tech stock still a no-brainer buy heading into 2025?

Artificial intelligence outfit Palantir Technologies (NASDAQ:PLTR) may be poised to see its stock soar this Friday. Although it has already quadrupled in value in 2024 and has gained over 620% since its 2020 IPO,

Investor enthusiasm about Palantir Technologies has driven the stock to sky-high valuation metrics. At Tuesday’s close, Palantir was trading at 67 times its sales over the last 12 months. The S&P 500 index trades at 3.

On the surface, it would make sense for Palantir to engage in a stock split. For a company's market cap to rise by 1,000% in only two years is remarkable. Nvidia and Broadcom performed similarly, and both did split their stocks. However, Palantir is far from guaranteed to follow them.

Palantir Technologies faces significant competition in both government and commercial AI markets. See why I reiterate my sell rating on PLTR stock.

Key Takeaways Palantir Technologies shares retreated Monday after hitting their latest all-time high earlier in the session.The software maker had a record-high close Friday after announcing a collaboration with defense tech contractor Anduril,

Palantir Technologies stock was slipping on Wednesday, the day before it could potentially join the Nasdaq 100. Shares in the company, which develops software platforms that mine data, slid 2.4% to $69.

Palantir Technologies Inc. PLTR stock has tripled in a year. Shares have gained a whopping 313% year to date, significantly outperforming the broader technology service industry’s 57.4% return and the Zacks S&P 500 composite’s 27.