Palantir has earned a reputation as one of the best investment titles in the artificial intelligence (AI) space, with its stock up a whopping 320% since the start of 2024. Despite this success, however, the company's current valuation raises questions as to whether it is overvalued relative to its fundamentals.
In fact, there could be two companies on the horizon through 2030 that analysts believe will outperform Palantir $PLTR - Snowflake $SNOW and CrowdStrike $CRWD.
Comparison of revenue growth
The main argument for Snowflake and CrowdStrike is their revenue growth rates. Although Palantir offers sophisticated AI software, its Q3 revenue growth was 30% year-over-year, comparable to Snowflake's 28% and CrowdStrike's 29%.
However, looking at the longer term, the situation is not so favorable for Palantir. Over the past three years, Palantir has achieved cumulative revenue growth of 61%, while Snowflake has grown 180% and CrowdStrike 158%. These figures suggest that Snowflake and…