Palantir Technologies has established itself as a leading AI stock, achieving an impressive 340% return this past year, significantly outpacing Nvidia. Despite the favorable outlook with expected revenue and profit growth, Wall Street maintains a hold rating on the stock, projecting a potential 47% decline. The company benefits from ties to the incoming presidential administration and initiatives supporting AI. Analysts anticipate robust earnings results in the upcoming report, which adds a layer of speculation around the stock's future trajectory in light of macroeconomic factors.
Palantir Technologies has been a top-flight AI stock, rising twice as fast as headline-grabbing Nvidia over the past year.
Wall Street has a collective hold rating on the stock and a price target suggesting it could be cut nearly in half over the coming year.
Analysts are looking for revenue to jump 29% to $2.87 billion and for profits to surge over 330%.
Should investors buy Palantir Technologies ahead of earnings, or heed Wall Street's warning that PLTR stock is headed for a fall?
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