Can Palantir Stock Soar 450% to Hit $1 Trillion? A Wall Street Analyst Has a Surprising Answer.
Palantir Technologies(PLTR) The Motley Fool·2024-12-29 10:20
Palantir Technologies (PLTR -3.72%) is currently the best-performing stock in the S&P 500 (^GSPC -1.11%) in 2024. Shares have advanced 360% year to date because of a series of increasingly stronger financial reports driven by demand for its new artificial intelligence (AI) platform.Many analysts have been bearish the whole way up, but Dan Ives at Wedbush Securities has been consistently bullish. He has touted Palantir as the next Oracle, and the best pure-play AI name. But his most surprising take is that P ...