Where Will Palantir Stock Be in 1 Year?
Investors in Palantir Technologies (NASDAQ: PLTR) have been on a roller-coaster ride lately as shares in the data analytics company have retreated by a whopping 32% from an all-time high of $124.6 reached last month.While the stock remains a way for investors to bet on the fast-growing artificial intelligence (AI) opportunity, these declines come as no surprise to those who have been pointing out Palantir's uncomfortably high valuation. So what comes next? Let's dig deeper to see what the next 12 months could have in store.It's impossible to pinpoint a single cause for Palantir's rocket-ship rally. However, with shares up by around 67% since Nov. 5, Donald Trump's election victory has been a catalyst for the stock. But while Palantir's co-founder, Peter Thiel, has a good relationship with the president (he raised money for the campaign and even introduced him to his vice president, JD Vance), it is hard to see how these things will directly create shareholder value.Continue reading
Investors in Palantir Technologies (NASDAQ: PLTR) have been on a roller-coaster ride lately as shares in the data analytics company have retreated by a whopping 32% from an all-time high of $124.6 reached last month.
While the stock remains a way for investors to bet on the fast-growing artificial intelligence (AI) opportunity, these declines come as no surprise to those who have been pointing out Palantir's uncomfortably high valuation. So what comes next? Let's dig deeper to see what the next 12 months could have in store.
It's impossible to pinpoint a single cause for Palantir's rocket-ship rally. However, with shares up by around 67% since Nov. 5, Donald Trump's election victory has been a catalyst for the stock. But while Palantir's co-founder, Peter Thiel, has a good relationship with the president (he raised money for the campaign and even introduced him to his vice president, JD Vance), it is hard to see how these things will directly create shareholder value.
