Palantir Technologies (NASDAQ:PLTR) is a company that's been on a roll this year.
Palantir's improving growth engine makes the stock worth the risk. Industrial technologies specialist Trimble's stock is poised to soar.
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Palantir stock is trading near record highs, and investors are wondering whether now is an excellent time to sell and lock in the gains.
Palantir Technologies Inc. (NYSE: PLTR) has already seen its stock more than double in value in 2024, but according to Northland Capital Markets analyst Michael Latimore, the data analytics firm still has room to grow. Latimore recently issued a bullish $35 price target for Palantir, suggesting a potential 10% upside from its current levels.
Palantir could be a good bet on the software side of the AI opportunity. But the company's valuation is still extremely high relative to its growth.
Revenue grew by 27% and operating margin reached a new high in the latest quarter. The AI market could be worth $826 billion in 2030, which is a massive opportunity for Palantir to grow.
UiPath provides robotic process automation software. The RPA market opportunity is slated to rapidly grow over the next decade.
Expanding AI use cases are sending shares of software company Palantir Technologies, Inc. (PLTR) upward.
Palantir Technologies (NYSE: PLTR) has captured significant attention following its robust second-quarter earnings and the announcement of a significant partnership with Microsoft (NASDAQ: MSFT).
Palantir Technologies (PLTR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In today's digital age, companies are flooded with boatloads of data. However, that data is valuable only if it can be efficiently harnessed, visualized and applied to enhance decision-making.