Is Palantir Stock Still a Buy? Wall Street Is Telegraphing a Clear Answer.

The growing utility of artificial intelligence (AI) promises to have a profound impact on our lives. While the technology is still in its infancy, generative AI is improving by leaps and bounds, with new use cases littering the landscape.One of 2024's biggest beneficiaries is Palantir Technologies (NYSE: PLTR). The stock is up more than 240% so far this year and up 820% since AI captured the spotlight in early 2023. Gains of that magnitude have also sent the stock's valuation soaring, making some investors understandably skittish.Let's take a look at the driving force behind Palantir's ascent, what Wall Street has to say about the matter, and whether the stock is a buy right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool