Reported 20 days ago
Palantir Technologies has seen a remarkable 320% increase in share value this year, driven by excitement over AI. Analyst Dan Ives from Wedbush Securities suggests that Palantir could become the next Oracle, projecting its valuation to grow significantly in the coming years, though current stock prices seem high compared to earnings potential. While Palantir is recognized as a leader in the AI and data analytics field, some analysts remain cautious, suggesting the current valuation may not align with the company's fundamentals.
Source: YAHOO