Greg Vogt
01-24 11:29

$Palantir Technologies Inc.(PLTR)$

Recently, a Chinese startup has demonstrated remarkable advancements, signaling a rapid catch-up with American tech giants. It appears that the U.S. is now in a competitive 'AI race' with China. The new administration's 'America First' agenda is underscored by an executive order on AI and a significant $500 billion investment in the Stargate infrastructure project. In this context, Palantir Technologies is poised for accelerated growth. Investors should anticipate an imminent hike in price targets, which may surprise some but will be expected by others, based on recent developments.

Furthermore, Palantir is drawing comparisons to industry giants like Oracle and ServiceNow. The company is being recognized for its advancements in Artificial General Intelligence (AGI), AI agents and agentics. Critics who argue that the share price is too high are overlooking the broader picture; in reality, the shares are quite undervalued today. Palantir may very well experience a phenomenon similar to NVDA, where initial perceptions of high stock prices are soon contradicted by technological advancements that make them seem inexpensive in hindsight.

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.

Comments

We need your insight to fill this gap
Leave a comment
3