Dumbest article ever...nothing to write abt pltr, u dig this price tgt by dan ives...that price tgt was released when the stock price was in its 60s/70s range
Palantir's Most-Bullish Analyst Sees Stock Falling Nearly 10%
The stock is the S&P 500's biggest gainer this year with a near 5-fold rally, while the average analyst price target was 46% below current levels. Shares of Palantir Technologies Inc. edged further into record territory Thursday, as investors have been betting aggressively on the software company's role in the growth of artificial intelligence.But the stock has rallied so much, that it has overshot the expectations of even the most bullish analysts on Wall Street by a wide margin.Palantir makes software that helps businesses and the government use AI to analyze large amounts of data.Nvidia Corp. may be referred to by many as the AI leader, as it dominates the market for AI semiconductors. But Palantir has been investors' AI darling, and has been the beneficiary of some rotation out of AI hardware names into software.The stock was by far the S&P 500 index's SPX best performer this year, as it has skyrocketed 380.9% year to date to boost Palantir's market value to $188.1 billion. Meanw
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.
