All articles tagged with #pltr stock
An analyst downgraded Palantir Technologies stock to sell from neutral, citing an inflated valuation due to the unprecedented generative AI hype cycle. Despite a 43% increase in 2024, the stock has dipped recently. Palantir aims to leverage generative AI for growth in commercial markets, but concerns remain about the company's revenue consistency and excessive valuation.
Palantir's stock (PLTR) is experiencing a breakout as top money managers invest heavily in AI stocks, including Palantir and Amazon. Palantir's impressive earnings growth and strong institutional demand have contributed to its rise. The company's wide range of industries and innovative platforms, such as MetaConstellation and Palantir AIP, have attracted commercial and government clients. Palantir's technical strength is evident as its stock trades above key moving averages and forms a second-stage cup pattern.
Palantir Technologies is eyeing a new AI platform to reaccelerate sales growth. The company's stock, PLTR, is not yet actionable amid its 53% gain in 2023. Palantir's improved profitability has boosted its stock, but decelerating revenue growth is an issue. The company gets nearly 60% of its revenue from government agencies. Palantir's newest offering, the Artificial Intelligence Platform, will begin rolling out to select customers this month.