Palantir stock

Palantir stock

Palantir, a data analytics company, made its debut on the stock market recently. Investors were eagerly waiting to see how the stock would perform on its first day of trading. The stock opened at a price of $10 per share, which was higher than the reference price of $7.25 set by the New York Stock Exchange. This initial surge in price indicated strong investor interest in the company.

However, there are a few reasons why some investors may choose to avoid Palantir stock. Firstly, the company has yet to turn a profit since its inception in 2003. This lack of profitability raises concerns about the company's long-term sustainability and ability to generate consistent returns for investors.

Secondly, Palantir has faced criticism for its controversial business practices, particularly its involvement with government surveillance and data privacy concerns. These issues have led to reputational risks for the company, which could potentially impact its stock performance in the future.