DaveaPhoenix
09-08

As of now, $Palantir Technologies Inc.(PLTR)$  is trading in the mid-$30 range, buoyed by a surge in demand for AI-driven solutions, particularly its government contracts and partnerships. However, the likelihood of Palantir hitting its previous all-time high of $45 in the near term remains uncertain. Analysts' price targets for 2024 generally range from $25 to $38, with the more optimistic forecasts tied to the company's strong positioning in artificial intelligence and enterprise data solutions.

Despite the momentum driven by its AI capabilities and expanding commercial revenue, many analysts still see Palantir as highly valued. Its reliance on government contracts and the slowing growth in its commercial business are viewed as headwinds. Additionally, Palantir's forward P/E ratio of 73.2 signals an overvaluation relative to its growth potential, which could make investors hesitant to push the stock toward its previous highs​

While Palantir’s recent performance and stock momentum have been impressive, the broader market sentiment indicates that reaching $45 would require a major breakthrough in its commercial sector or continued AI-driven revenue growth beyond expectations. Thus, many analysts maintain a "hold" rating, with a cautious outlook.

$Dell Technologies Inc.(DELL)$   is currently dipping around $100 per share, after riding a positive wave of momentum, largely driven by its focus on AI-driven infrastructure, cloud solutions, and continued dominance in the enterprise market. Recent earnings reports have been strong, with solid growth in its AI-related services, which is seen as a key driver of future revenue. This focus has boosted investor confidence, contributing to recent gains in its stock price.

Analysts have set price targets ranging from $70 to $80 for Dell in 2024, indicating a drop for the stock. However, Dell faces some risks from broader macroeconomic conditions, including potential slowdowns in IT spending. That said, its emphasis on AI infrastructure could help buffer these headwinds.

Given its current price and momentum, Dell is seen as well-positioned to continue benefiting from the ongoing AI boom, but a breakout above $80 would likely require sustained growth in enterprise spending on AI and cloud infrastructure solutions​

Palantir Hits $70: Is It the Next AI Multibagger?
On December 3rd, Palantir Technologies announced a new government security designation, allowing it to handle sensitive US government workloads in its cloud offering. Following the news, Palantir jumps 7% and hits new high of $71. ------------------- Is it the next AI multibagger? Will you hold Palantir for long term?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
2
4