Reported 2 days ago
Palantir Technologies Inc. (NASDAQ:PLTR) has seen an 82% increase year-to-date, making it a top-performing tech stock as investors rally around its AI initiatives. However, the stock's valuation, trading at over 200 times its expected earnings, raises concerns among analysts, many of whom remain cautious. Despite this, Palantir has secured significant deals in defense and intelligence, fueling optimism among investors, particularly from retail. Some analysts, like Mark Schappel, maintain a positive outlook and have raised price targets, stressing Palantir's leading role in enterprise AI amid a broader market skepticism.
Source: YAHOO