Palantir Technologies (NYSE:PLTR) has seen its stock price surge by roughly 300% this year, driven by the company’s AI-driven growth and blockbuster government contracts. Analysts at Wedbush and BofA Securities have raised their price targets to $75, citing Palantir’s potential in AI and data solutions.
However, some experts are sounding a note of caution. Jefferies has downgraded the stock with an underperform rating, while Argus Research questions whether Palantir’s valuation is sustainable. The company’s CEO, Alexander Karp, recently sold 2.27 million shares worth over $157 million, raising eyebrows about the timing.
Despite this, some analysts remain bullish on Palantir’s prospects. Wedbush’s Dan Ives calls the company a “Messi of AI,” hailing its market dominance and explosive growth. With its valuation towering over peers, investors are bracing for what could be a make-or-break 2025.
Source: https://finance.yahoo.com/news/palantirs-300-surge-ai-titan-142356237.html