Posted 3/9/2024, 5:46:44 PM
Palantir Stock Surges on AI Growth Despite Analysts Forecasting Limited Upside
- Palantir stock has surged over the past year due to its positioning in AI and a recent $178M Army contract extension
- The contract is for prototype battlefield systems incorporating advanced AI/ML technologies
- Top analyst Gregg Moskowitz sees the win as significant but believes further upside for the stock price may be limited
- Moskowitz has a Neutral rating and $21 price target, seeing 22% downside potential
- Overall analyst consensus is a Hold rating with an average price target implying a 25% drop from current levels