Wall Street predicts Palantir stock to decrease by 27% and Amazon stock to increase by 15%

From Nasdaq.: 2024-09-26 05:12:00

AI platforms are in high demand among businesses to develop machine learning models. Analysts project AI-platform spending will grow at 51% annually through 2028. Palantir Technologies and Amazon stocks are expected to move in opposite directions, with Palantir potentially seeing a 27% downside and Amazon a 15% upside from their current prices.

Palantir specializes in data analytics software, with its AIP technology enhancing machine learning capabilities. The company has been recognized for its leadership in AI and machine learning platforms, as well as its strong financial performance in the second quarter. Despite its high valuation, Palantir’s stock continued to rise after joining the S&P 500.

Amazon dominates in e-commerce, digital advertising, and cloud computing, with expectations of capturing a larger share in these markets. AWS is gaining traction with its AI platforms, and the company is expected to see growth in profitability due to three key tailwinds. Despite mixed financial results in the second quarter, Amazon’s strong outlook and reasonable valuation make it an attractive investment option.

Investors looking to invest in Palantir should note that the company was not included in the Motley Fool’s list of the 10 best stocks to buy now. However, the service has seen significant returns since 2002 and provides guidance on building a successful portfolio. Stocks like Amazon and Microsoft have been recommended by the service, highlighting potential for substantial returns in the coming years.



Read more at Nasdaq.: Palantir Stock vs. Amazon Stock: Wall Street Says Buy One and Sell the Other