Palantir (NYSE: PLTR) is set to release its Q2 earnings report on August 5, 2024. As a leader in data analytics and artificial intelligence (AI), Palantir has seen substantial growth in 2024, with its stock price hitting a new 52-week high of $29.83 on July 18.
Palantir is aggressively expanding its AI software segment. Meta is actively employing AI technologies to improve its business.
There's a rotation away from technology stocks, but that message hasn't dampened the optimism for retail investors in Palantir Technologies Inc. NYSE: PLTR. Shares of the AI and big data company are up 67% in 2024 and 11% in the 30 days ending July 19, 2024.
Palantir's latest software release allows users to integrate AI throughout a business. The stock already carries a premium price tag.
Investors are rotating out of the tech sector to cyclical stocks that stand to benefit from interest rate cuts , which traders hope will come in September.
If you're interested in investing in Cathie Wood stocks, you might want to overlook the fact that the star portfolio manager has destroyed a considerable amount of wealth over the past decade. According to a report from Morningstar, the head of Ark Invest has destroyed an estimated $14.3 billion in the past 10 years, with the flagship, ARK Innovation ETF (NYSEARCA: ARKK ), topping the wealth destruction at $7.1 billion.
At least two analysts have downgraded Palantir Technologies Inc. shares in the past month over valuation concerns, but the stock's biggest bull is sticking with his upbeat stance.
Palantir (NASDAQ: PLTR ) stock, already up 64% in 2024, could easily jump another 64% or more, according to Wedbush analyst Dan Ives. Ives is a bullish tech analyst who likes to wear bright colors.
The artificial intelligence (AI) revolution is in full swing, and Wedbush analyst Dan Ives recognizes that Palantir (NYSE: PLTR) will be at the forefront of the learning process, likening its stock to the “Messi of AI” while setting a bullish price target of $50 for PLTR shares.
Palantir Technologies Inc. PLTR shares rose moderately in Thursday's premarket trading, reversing some of the 1.57% decline seen in the previous session.
Wedbush's bull-case scenario now sees shares of data-analytics firm Palantir rising to as high as $50 from the current $28.
Palantir (NYSE: PLTR ) investors are pretty happy these days. The Peter Thiel-founded data analytics firm has seen its share price rally nearly 68% since the start of the current year.