Should You Buy Palantir Technology Stock Before May 5? Wall Street Has a Nearly Unanimous Answer That Might Surprise You.
Analysts rarely see eye to eye on anything, but an astonishing number share a similar view on the data mining and artificial intelligence (AI) specialist.
The dawn of artificial intelligence (AI) in late 2022 caused a paradigm shift in technology that is still ongoing. The potential of generative AI to increase productivity and streamline processes has business leaders lining up to reap the rewards of this veritable financial windfall. But many executives simply don't know where to start.
That's where Palantir Technologies (NASDAQ: PLTR) comes into play. The company provides the systems and expertise to deliver real-time, data-driven solutions -- and it's hard to argue with the results. The stock has gained more than 415% over the past year (as of this writing) and is up 1,710% since AI went viral to kick off 2023. Unfortunately, the surging stock price has seen a commensurate increase in Palantir's valuation, and some investors have become justifiably skittish.
Despite the nearly universal sticker shock, some believe that Palantir's epic run is just getting started. Let's review what's fueling Palantir's current success, what could drive the stock to new heights, and what Wall Street believes.
