Palantir Technologies (NASDAQ: PLTR) has seen significant growth in the AI market, doubling its stock value this year. However, Rishi Jaluria of RBC Capital Management predicts a 70% drop, setting a $45 price target. Despite impressive government and commercial revenue growth in Q2, the stock is overvalued at 115 times sales and 241 times forward earnings. Compared to AI giant Nvidia, Palantir’s slower growth suggests a potential 79% drop in stock value. While the market anticipates further success for Palantir, caution is advised due to the inflated stock price. The Motley Fool’s top 10 stock picks exclude Palantir, emphasizing the need for careful consideration before investing.

Read more at Yahoo Finance: This Wall Street Analyst Thinks Palantir Stock Will Plummet 70%. Is He Right?