Palantir Stock Could Plunge 40% Over the Next 12 Months, According to Wall Street. Are Analysts Right About This AI Stock?

What's the best example of a stock benefiting from the recent election results? Palantir Technologies (NASDAQ: PLTR) should rank near the top of the list. Shares of the artificial intelligence (AI) and data analytics software company have nearly quadrupled in value year to date. Much of this gain (although certainly not all of it) has come since the election on Nov. 5, 2024.However, this tremendous performance could soon come to a screeching halt. Some on Wall Street predict that Palantir stock is headed down instead of up.The average analysts' 12-month price target for Palantir is $39.57, based on data compiled by financial markets infrastructure and data provider LSEG. That's more than 40% below Palantir's current share price. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool