The S&P 500 has been on an incredible bull run over the last 28 months, and one of its biggest driving force has been the artificial intelligence (AI) industry. Recent advances have led to a lot of investor excitement about the potential for the technology to change nearly every business in the economy.
As mentioned, Palantir has declined 32% from its record high in the last seven trading days, but the statistics suggest the stock still has a long way to fall. For instance, if Palantir suffers a peak-to-trough decline of 77% (the average among the three stocks listed above), that would drag its price below $29 per share.
Palantir Technologies (PLTR) has been among the best-performing stocks over the past 12 months, driven by improving earnings, enthusiasm for
Demand for Big Data services is increasing. Palantir, a leader in the field, should benefit. Here are the forecasts and price predictions for PLTR stock.
After hitting an an intraday high of $125.41 per share last Wednesday, Palantir Technologies (PLTR) has fallen for four consecutive days, losing almost 28% of its value. In pre-market trading this morning, PLTR stock is down another 3.5%. There doesn’t appear to be anything capable of stopping this free fall plunge.
Palantir Technologies (PLTR) CEO Alex Karp made some very interesting and pro-Musk comments on CNBC ’s “Squawk Box” interview on Tuesday. Following this, PLTR stock touched a fresh 52-week high of $125 during intraday trading yesterday.
One analyst thinks Palantir will end up benefiting from Pentagon budget cuts, contrary to fears. But the stock remains pricey relative to others in software.
In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other stocks. Jim Cramer, the host of Mad Money, discussed how "froth" is ...
On the other hand, Loop Capital analyst Mark Schappel recently initiated coverage of Palantir with a buy rating and $141 price target, saying the AI company has all the makings of a game-changing software stock, including a massive addressable market, a strong management team, and the potential to be an industry leader.