From Nasdaq:

Palantir Technologies (PLTR), a newcomer in the AI industry, is gaining investors’ attention with its impressive financial performance. The company’s revenue increased by 32% in Q4, with government contracts accounting for 54% of total revenue. Palantir’s potential for growth has attracted bullish analysts, with a 49% increase projected in the next 12 months.

The company’s flagship product, the AIP platform, has been successful in extracting actionable insights from vast datasets. Palantir’s diverse client base, including government agencies and commercial clients, mitigates market risks. The recent $178.4 million contract with the U.S. Army and partnerships with CAZ Investments and PwC are expected to drive further growth.

Despite concerns about its high valuation, Wall Street analysts maintain a cautious outlook on PLTR stock. With a mean target price of $20.67 and a high target of $35, there is a potential upside of 48.9% over the next 12 months. Investors looking for AI exposure can consider Palantir, trading at around $24 per share, as a long-term investment option with significant growth potential.



Read more at Nasdaq: 1 Outstanding Growth Stock to Buy Under $30