Palantir Technologies has exhibited remarkable growth over the past year, with its stock surging 387%. Despite a drop following the release of DeepSeek, the company quickly rebounded. Wall Street remains cautious, suggesting a correction is likely in 2025 with a consensus price target of $49.24. The company’s growth is driven by increasing demand for AI solutions, evidenced by a significant rise in both government and commercial revenues and an expanding customer base. The expectation is for continued strong performance as the company prepares for its upcoming earnings report in February 2024.
Palantir Technologies has outperformed the AI sector with a stock rise of nearly 400% over the past year, but analysts predict a market correction in 2025.
Despite Monday's drop, Palantir’s stock rebounded above last week’s close, indicating resilience amidst broader AI market struggles. The company expects continued growth driven by AI demand.
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