Palantir Stock Is Up 60% This Year. Could It Double Before the Year Is Over?

Palantir Technologies (NYSE: PLTR) has had a strong 2024, with the stock up more than 60% so far. That means it's more than halfway to a double, so the question becomes, could Palantir double over the entirety of 2024?

While Palantir's business is strong, some challenges may present themselves as a barricade to achieving that elusive mark.

Palantir's popularity surged as an investment because of its expertise in artificial intelligence (AI) software. It has been creating AI software longer than many, which gives it a leg up.

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Source Fool.com