Reported 2 months ago
Palantir Technologies has experienced significant fluctuations in its stock value since its public debut in 2020. After hitting a high of $39, its stock fell to $6 before rebounding to approximately $26 as of August 2024. The company's revenue growth has slowed recently, particularly in its government and commercial sectors, but analysts predict a recovery driven by the expanding artificial intelligence market. Though Palantir could potentially reach a valuation of $2.1 trillion by 2050, it will likely still fall short of Microsoft's projected market cap, unless Microsoft's growth significantly declines.
Source: YAHOO