Palantir's share price has outpaced the company's growth, pushing its price-to-earnings ratio to nearly 360. That's among the highest valuations on the market for any company. While analysts expect strong long-term earnings growth (27% annualized), it's nowhere near enough to justify such a high price.
Palantir Technologies Inc . (NYSE:NASDAQ:PLTR), with its current market capitalization of $179.14 billion, has emerged as a prominent player in the artificial intelligence (AI) and data analytics space.
Voyager Technologies files for IPO, has partnership with Palantir, as the defense and space sector gains momentum under Trump. PLTR stock bullish.
Shopify is worth $134 billion. The stock must return at least 22% for its market value to top $163 billion in 2025. Anthony Chukumba at Loop Capital has set Shopify with a target price of $140 per share. That forecast implies 36% upside from its current share price of $103.
Analyst Daniel Ives of Wedbush maintained a Buy rating on Palantir Technologies (PLTR – Research Report), boosting the price target to
Palantir Technologies (NASDAQ: PLTR) was the standout and number one performer in the S&P 500 in 2024, with its stock skyrocketing 340% in 2024 and elevating its market capitalization to an impressive $163 as of the January 17 close.
Each member of the so-called "Magnificent Seven" stocks is heavily focused on AI. Palantir Technologies (NASDAQ: PLTR) became one of the most heralded "Trump trades" in recent months. Palantir's shares soared 340% last year with much of the gain coming after the election on Nov.
Palantir delivered 14 times the gains of the S&P 500 last year. Here's how the data mining and artificial intelligence (AI) specialist generated game-changing results.
Two hot stocks in this sector are Palantir Technologies (NASDAQ: PLTR) and SoundHound AI (NASDAQ: SOUN). Palantir's shares had surged by more than 300% over the prior 12 months, while SoundHound had skyrocketed by 600%.
While Cramer’s endorsement has added a layer of intrigue, investor focus will remain on tangible results and market performance.
But now there is one analyst who's again projecting upside: Wedbush's Daniel Ives boosted his target price to $90 on Thursday morning. Palantir's stock (PLTR) closed at $76.87 on Wednesday, so his target implies it can rise 17% from there, on top of a 344% surge seen over the past year.