Posted 3/4/2024, 5:44:00 PM
Palantir Soars Past Earnings Views, But Analyst Price Targets Lag Current Valuation
- Analysts have an average 1-year price target of $19.50 for Palantir stock, much lower than its current $23 price
- Palantir saw strong demand growth in Q4 for its AI products like its new AIP platform
- Palantir's revenue and profitability exceeded expectations in its latest earnings report
- But some analysts still have outdated price targets for Palantir and think future growth will slow
- At current valuations, Palantir stock looks very expensive unless high growth continues for 5+ years