William Blair analyst Louie DiPalma upgraded shares of data-analytics firm Palantir after a stock dip. He's still not a bull.
Palantir stock (NASDAQ: PLTR) was one of the best performers of 2024. After a short pullback in the first half of January, PLTR shares went on another strong rally, ultimately reaching an all-time high (ATH) price of $124.62 on February 18.
Over the last year, shares of enterprise software company Palantir Technologies (PLTR 1.18%) have climbed by as much as 408%. While this suggests overwhelmingly bullish sentiment toward the company, more recent trends show a different picture.
Data analytics and artificial intelligence (AI) company Palantir Technologies (PLTR 1.18%) has been one of the hottest growth stocks to own over the past couple of years. Since 2023, it rose by around 1,200%, which dwarfs the 680% gains that chipmaker and AI giant Nvidia has amassed during that same stretch.
Less than three weeks ago, the most important data release of the first quarter occurred -- and you might have missed it. Amid a flurry of earnings reports and economic data releases, Feb. 14 marked the deadline for institutional investors with at least $100 million in assets under management (AUM) to file Form 13F with the Securities and Exchange Commission.
Palantir Technologies (PLTR 1.18%) has been one of the high-flyers of the artificial intelligence (AI) boom. The company's earnings and share price have soared in recent years thanks to its AI-driven software that allows governments and businesses to pump up efficiency, drive down costs, and make game-changing moves.
Though Palantir's (NASDAQ: PLTR) press time price of $79.93 certainly means it can't be said the stock has crashed and burned, it is experiencing a deep correction.
[00:00:04] Doug McIntyre: All right.
Joe Lonsdale, Palantir co-founder and 8VC founding partner, joins 'Squawk Box' to discuss why he's against the idea of a crypto reserve, the gutting of USAID, DOGE's spending cuts, the contentious White House meeting between President Trump and Ukrainian President Zelenskyy, and more.
Investing can be hard -- even when you get things right.
Despite some recent volatility in equities, Wall Street's major stock indexes -- the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite -- have been virtually unstoppable since bottoming out in October 2022.
Investors with an interest in Technology Services stocks have likely encountered both JBT Marel (JBTM) and Palantir Technologies Inc. (PLTR). But which of these two stocks presents investors with the better value opportunity right now?