Palantir Might Be a Great Stock, But I'm Not Buying It Now. Here's Why
The artificial intelligence (AI) industry is on fire in 2024, sending AI-related tech companies to the stratosphere. Nvidia, Microsoft, and are some of the apparent winners.
Similarly, Palantir (NYSE: PLTR), a leading AI software company, has seen massive interest from customers and investors alike. The revenue growth rate improved in recent quarters, while the stock price increased by more than 56% in the first half of 2024.
While Palantir's prospects look bright, I can't convince myself to buy the stock -- at least, not until I become more comfortable with some of its major risks.
Source Fool.com
Alphabet Inc. C Stock
€154.28
-3.820%
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 170 € there is a slightly positive potential of 10.19% for Alphabet Inc. C compared to the current price of 154.28 €.
