Wall Street Analysts Think Palantir Technologies Stock Will Decline by 40% This Year. Are They Right?
Palantir (NASDAQ: PLTR) is one of the hottest artificial intelligence (AI) stocks out there. Compared to today's stock price of around $75, that represents a 40% downside. It's not often that a stock is priced this much over analysts' targets.
Palantir Stock Investors Just Got Great News From a Top Wall Street Analyst
Palantir Technologies ( PLTR -4.48%) was one of the hottest artificial intelligence stocks on the market last year. Its 340% return in 2024 made it the single best-performing member of the S&P 500 ( ^GSPC -1.46%). However, Dan Ives at Wedbush Securities sees the stock moving even higher. And he recently gave shareholders two reasons to be thrilled:
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