Reported about 1 month ago
Palantir Technologies has seen its stock soar over 150% in 2024, driven by excitement around AI and solid financial results. However, despite this surge, analysts express concern about the company's valuation, recommending caution due to a projected downside of 38% from its current price of $43.50. While Palantir is recognized for its AI software and has reported strong growth, the high price-to-earnings ratios suggest it may be a risky investment at this time.
Source: YAHOO