Where Will Palantir Technologies Stock Be in 1 Year?
Palantir Technologies' (NASDAQ: PLTR) stock has been in crushing form on the market over the past year, rising by a stunning 482% as of this writing. Demand for the company's artificial intelligence (AI) software solutions has been growing at a healthy pace, leading to improvements in its revenue and earnings growth rates.However, in the wake of that phenomenal surge in Palantir's stock price, investors may understandably wonder if the AI software specialist can sustain its momentum. After all, among the 28 analysts covering the stock, the average 12-month price target stands at $107, which points toward a 22.6% slide from current levels.What's more, only 21% of those analysts recommend it as a buy, while 61% have a hold rating on the stock. Is this an indication that it is time for shareholders to sell Palantir stock and book their profits?Continue reading
Palantir Technologies' (NASDAQ: PLTR) stock has been in crushing form on the market over the past year, rising by a stunning 482% as of this writing. Demand for the company's artificial intelligence (AI) software solutions has been growing at a healthy pace, leading to improvements in its revenue and earnings growth rates.
However, in the wake of that phenomenal surge in Palantir's stock price, investors may understandably wonder if the AI software specialist can sustain its momentum. After all, among the 28 analysts covering the stock, the average 12-month price target stands at $107, which points toward a 22.6% slide from current levels.
What's more, only 21% of those analysts recommend it as a buy, while 61% have a hold rating on the stock. Is this an indication that it is time for shareholders to sell Palantir stock and book their profits?
