Wall Street Analysts Think Palantir is Due for a 41% Drop. Are They Right?
Looking at Wall Street analysts' one-year price target can be a good exercise when investing in a stock. While it shouldn't be the end-all decision on establishing a position, it's nice to understand what others are thinking about a stock you think will go up.
As for Palantir (NYSE: PLTR), 12 Wall Street analysts have a median price target on Palantir's stock of $8.25, indicating a 41% drop from today's levels. That's obviously a big warning sign, but are they right? Let's take a look.
Palantir has been one of the primary names investors have taken an interest in since artificial intelligence (AI) has become a significant investment theme. Its products heavily utilize AI, and allow its users to input information and then receive actionable insights on how they should act on the information as it comes in. This solution has been deployed to various governments, as well as for commercial applications.
Source Fool.com
