Palantir Stock Is Having Its Best Year on Record. These Analysts Say Don't Chase the Gains.
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Palantir Technologies Inc. is experiencing its best year on record, but Baird analysts advise caution. They have initiated coverage with a Neutral rating and set a price target of $70.
December 12, 2024 | 4:15 pm
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Palantir Technologies Inc. is having a record year, but Baird analysts have initiated coverage with a Neutral rating and a $70 price target, suggesting caution for investors.
The Neutral rating and $70 price target from Baird suggest that while Palantir is performing well, the stock may be fairly valued at current levels. This could lead to a stabilization in the stock price as investors heed the analysts' advice.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100