Palantir (NASDAQ:PLTR) has been a rocket ship in the past couple of years. Valuations have soared to levels that have dwarfed nearly every other big-cap company trading publicly.
Unfortunately, buying now is unlikely to be a golden ticket to multibagger returns since the stock is already quite fundamentally overvalued.
With that in mind, it’s a good idea to hunt for similar growth stocks that are trading at much cheaper valuations. There are companies with solid fundamentals and room to run as their businesses scale. The market loves a good growth story, and I believe there are hidden gems out there ready to deliver 200%-plus gains. Here are two to look into.
This post originally appeared at Money Morning.