Are Analysts all Wrong About Palantir Technologies Stock?

Data analytics and artificial intelligence (AI) company Palantir Technologies (NASDAQ: PLTR) has been one of the hottest growth stocks to own over the past couple of years. Since 2023, it rose by around 1,200%, which dwarfs the 680% gains that chipmaker and AI giant Nvidia has amassed during that same stretch. Palantir joined the S&P 500, and it's now part of the even more exclusive Nasdaq-100 index.But if you were to go off of analyst price targets, you'll see that the consensus target today is just $74.79. Palantir flew past that on its way to a high of more than $125 earlier this year. Are analysts just flat out wrong about the stock, and could Palantir still be a good buy after its recent dip in price?Although the consensus analyst price target may seem low, individual analysts have been bumping up their targets for the stock. Six of the 10 most recent price targets for Palantir have been above $100, seeming to imply that many analysts see the stock bouncing back from its recent fall in value; its trading for less than $85 at the time of this writing. Based on that, you might expect to see at least 17% upside for the AI stock right now. As analyst price targets go up, the consensus (which is an average) will also rise.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool