Should You Buy Palantir Stock After Its 170% Gain in 2024? Wall Street Has a Clear Answer for Investors
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Palantir Technologies (NYSE: PLTR) has seen its share price surge 170% since January as investors have become increasingly confident in the company's artificial intelligence (AI) software. That makes Palantir the third-best performing stock in the S&P 500 (SNPINDEX: ^GSPC) year to date. Only Vistra and Nvidia have been more rewarding investments.However, Wall Street is overwhelming bearish where Palantir is concerned. Among the 23 analysts that follow the company, the median target price is $28 per share. That implies 40% downside from the current share price of $47. Additionally, because median refers to the middle value, it means half of analysts anticipate more than 40% downside.Here's what investors should know about Palantir and its red-hot stock.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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