Can Palantir Stock Soar 450% to Hit $1 Trillion? A Wall Street Analyst Has a Surprising Answer.
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Palantir Technologies (NASDAQ: PLTR) is currently the best-performing stock in the S&P 500 (SNPINDEX: ^GSPC) 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 Palantir may eventually be a trillion-dollar company if it continues to execute.Ives made that comment during an interview with Schwab Network in November, and it implies 450% upside from the current market value of $180 billion. Here's what investors should know about Palantir.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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