Wall Street Analysts Think Palantir Technologies Stock Will Decline by 40% This Year. Are They Right?

Palantir (PLTR -0.59%) is one of the hottest artificial intelligence (AI) stocks out there. It has risen an astronomical 362% since the beginning of 2024 and shows little signs of slowing down. However, the consensus among Wall Street analysts is that this stock is significantly overvalued. According to Yahoo! Finance, the average price target among 22 analysts is $46.01. Compared to today's stock price of around $75, that represents a 40% downside. Nobody wants to see their investments decline by nearly ha ...