Palantir (NASDAQ:PLTR) shares finished 2024 with a bang.
Following a terrific performance in 2023, the S&P 500 and Nasdaq Composite posted another year of generous gains in 2024. Among the market's biggest gainers over the last two years have been megacap technology stocks -- collectively referred to as the "Magnificent Seven.
Raymond James analyst Brian Gesuale has reiterated a ‘Market Perform' rating on Palantir (NASDAQ: PLTR) as the stock rebounded 1.4% during the latest trading session to $66.33, ending a multi-day losing streak.
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Cathie Wood is known for choosing innovators early in their stories and holding them for the long term. As founder and chief executive officer of Ark Invest, she doesn't mind going against the crowd and buying a stock Wall Street advises selling, or ignoring a favorite of the general market.
Palantir Technologies (PLTR 1.43%) went public in September 2020, and shares of the company that made its name by providing analytics and software platforms to federal government agencies have shot up a remarkable 608% since then as of this writing.
After a meteoric rise in 2024, fueled by its focus on the booming artificial intelligence (AI) sector, Palantir's (NASDAQ: PLTR) share price has faced a rough start to 2025 amid concerns of an accelerated slump.
Palantir Technologies (PLTR -3.39%) has been one of the hottest stocks in the artificial intelligence (AI) space. The company's early leadership position in AI software systems for businesses and government agencies has helped it post impressive business performance translating into stellar stock returns.
The analyst team at Jefferies rates the software company at Underperform with a target for the price of $28.
Artificial intelligence stocks benefited from investor fervor over the technology. Two hot stocks in this sector are Palantir Technologies (PLTR -3.39%) and SoundHound AI (SOUN -9.01%).
BigBear.ai NYSE: BBAI is a small stock looking to establish itself as the next big thing in the world of artificial intelligence. The company finds similarities to one of the market's AI darlings, Palantir Technologies NASDAQ: PLTR.
Agentic AI is coming in 2025. In the first few days of the year, AI agents became a popular investing theme, representing the next iteration of artificial intelligence (AI) applications.