Prediction: This Will Be Palantir's Stock Price 1 Year From Now (Hint: It's a Bigger Move Than You Think)
Palantir stock is flat on the year, but meaningful upside could be on the horizon.
Overview
Throughout the artificial intelligence (AI) revolution, Palantir Technologies (NASDAQ: PLTR) has been one of the most polarizing stocks. One camp sees a unique software company that actually integrates AI into messy operations. The other views Palantir as nothing more than a consulting firm.
With Palantir stock trading around $174, investors may be wondering what the business could look like a year from now, and what price it would reasonably support.
Details
Let's take a look at the company's most recent quarterly results and assess some of its new partnerships to help discern how Palantir is trying to sell more than data analytics. From there, valuation analysis can shape whether the next 12 months look more like a grind or upside.
Source
Originally published at www.fool.com.