Will Palantir Stock Hit $75 a Share?
Palantir’s outsized gains in 2024 can be tied to an improving bottom line. In the last 12 months, its net income has risen to $476.6 million, up from $209.8 million. Comparatively, it reported cumulative net losses of over $2 billion between 2020 and 2022.The AI software company has reported a positive free cash flow since 2021. Its free cash flow in the last 12 months has totaled $980.3 million, up from $321.2 million in 2019. Analysts expect its free cash flow to rise to $1.16 billion in 2025