Palantir Technologies Stock Could Soar 55% in 1 Year, According to Wall Street. Should You Buy It Hand Over Fist?
Analysts believe that this AI software specialist is poised for solid gains over the coming year, but can it indeed deliver?
Overview
Palantir Technologies (NASDAQ: PLTR) has lost its mojo on the stock market in recent months. The stock hit a 52-week high on Nov. 3 last year, and since then, it has shed just over 37% of its value as of this writing.
Investors have been selling Palantir stock due to its expensive valuation and concerns that AI start-up Anthropic's offerings could dent the company's growth. However, Wall Street analysts are anticipating a major turnaround in Palantir's fortunes over the coming year. But will it live up to their expectations?
Details
Let's find out.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.