"Palantir's Ascent: Analysts Predict Continued Surge Beyond 2023"

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Source: Yahoo Finance
"Palantir's Ascent: Analysts Predict Continued Surge Beyond 2023"
Photo: Yahoo Finance
TL;DR Summary

Palantir Technologies (NYSE: PLTR) experienced significant growth in 2023, with its stock price increasing by over 170%. The company's success is attributed to the rising demand for AI and cloud computing. In 2024, Palantir could continue to prosper due to the expected increase in AI adoption, potential interest rate cuts by the Federal Reserve, and its recent profitability which may lead to inclusion in the S&P 500. Despite a poor performance in 2022, Palantir's diverse operations and growth prospects make it an attractive investment for the future. However, it's worth noting that Palantir was not listed among the top 10 stocks recommended by The Motley Fool's Stock Advisor.

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