Palantir And C3.ai Have Both Doubled Investor Money Over A Year, But Analysts See Brighter Future For Only 1 Stock
Portfolio Pulse from Shanthi Rexaline
Palantir Technologies, Inc. (NYSE:PLTR) and C3.ai, Inc. (NYSE:AI) have both doubled investor money over the past year, largely due to the AI frenzy and the stock market rebound. However, analysts are cautious about both companies, with consensus ratings remaining at 'Hold'. While they predict an 18% downside for Palantir over the next year, they anticipate a 9% upside for C3.ai. Palantir's AI credentials are yet to be established, but some analysts see potential. C3.ai is not recommended for buying at current levels.
October 17, 2023 | 12:18 pm
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NEGATIVE IMPACT
Analysts predict an 18% downside for Palantir over the next year, despite the company doubling investor money over the past year. The company's AI credentials are yet to be established.
The predicted 18% downside for Palantir over the next year, despite the company's recent success, suggests that analysts are not confident in the company's future performance. This is likely due to the company's AI credentials not being fully established.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Analysts predict a 9% upside for C3.ai over the next year, despite the company doubling investor money over the past year. However, the company is not recommended for buying at current levels.
The predicted 9% upside for C3.ai over the next year, despite the company's recent success, suggests that analysts are somewhat confident in the company's future performance. However, the company is not recommended for buying at current levels, indicating some caution.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100