Should You Buy Palantir Stock After Its 370% Gain in 2024? Wall Street Has a Clear Answer for Investors

Shares of Palantir Technologies (PLTR 8.54%) have advanced 370% this year. Factors contributing to that upside include strong financial results driven by demand for its artificial intelligence platform, as well as the company's inclusion in the S&P 500 and Nasdaq-100. But investors should think twice before buying shares. Wall Street sees Palantir as one of the most overvalued stocks on the market.The median 12-month target among the 22 analysts that follow Palantir is $41 per share, according to The Wall S ...