From Yahoo Finance: 2025-05-04 11:54:00

Palantir Technologies has seen a remarkable 340% return on its shares in 2024, outperforming the S&P 500. Analyst Stephen Guilfoyle, who has been bullish on Palantir since 2023, set a $122 price target. The company’s success is attributed to the booming demand for artificial intelligence applications, with Palantir’s expertise in data management being leveraged by companies and governments for AI development.

In 2023, CEO Alex Karp highlighted the unprecedented demand for Palantir’s AI platform. The company’s revenue and earnings soared in 2024, with 36% year-over-year revenue growth and $1.25 billion in adjusted free cash flow. Palantir’s success validated Guilfoyle’s optimistic stance, with a new price target of $153 set for the stock’s next leg higher.

Despite concerns of a pullback in AI spending in 2025, Palantir’s stock rallied after President Trump paused tariff implementation. Guilfoyle has increased his stake in Palantir, selling at target prices and buying back shares at lower prices. He believes the stock could climb significantly, setting a new Wall Street-high target price of $153.



Read more at Yahoo Finance: Analyst who bought Palantir stock before a 600% rally updates price target