yaojie
01-30 15:01

$Palantir Technologies Inc.(PLTR)$  Palantir Technologies Inc. (PLTR) has experienced a notable rebound, with its stock price reaching $79.76 as of January 30, 2025. Analyst opinions on its future trajectory vary. Wedbush's Daniel Ives has raised his price target to $90, citing Palantir's potential to capitalize on increased federal AI spending and its strong position in the AI sector. Bank of America has also increased its target to $75 from $55, assigning a buy rating.

However, the consensus among 17 analysts indicates an average 12-month price target of $44.40, suggesting a potential downside from current levels. Given the mixed analyst perspectives and the stock's significant appreciation, it's essential to exercise caution. The current valuation appears elevated, and while there's optimism about Palantir's role in AI and government contracts, the stock may be priced ahead of its fundamentals. it might be prudent to wait for a more attractive entry point before considering an investment in Palantir. Monitoring the company's financial performance, developments in AI initiatives, and broader market conditions can provide better insights into an appropriate buying opportunity.

Palantir Rises 7 Days in a Row! Can It Hit $90?
After Morgan Stanley lowered its price target for Palantir, the stock briefly dropped to $63. However, it then rebounded and has risen for seven consecutive trading days. In recent times, several financial analysts have re-evaluated their ratings. Wedbush has raised its price target from $75 to $90, indicating a bullish stance on the stock. Meanwhile, Bank of America has also increased its target to $75 from $55, assigning a “buy” rating. ---------- Are you optimistic about Palantir's continued rebound? Do you think it can reach $90? At what price would you consider buying Palantir?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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