Wall Street analyst predicts Palantir Technologies' market value could reach $1 trillion

From NASDAQ: 2024-12-16 05:10:00

Dan Ives, head of technology research at Wedbush Securities, made bold calls on the tech sector, predicting Nasdaq hitting 20,000 this year and estimating Palantir Technologies’ market value could reach $1 trillion with 490% upside. Palantir is a leader in AI software, with strong financial performance and government contracts. Analysts have mixed opinions, with no upside seen in the next 12 months.

Despite strong execution by Palantir in commercial and government segments, stock valuation looks high with no upside predicted by analysts, including Ives. Palantir’s adjusted earnings are expected to grow at 25% annually through 2027, making the current valuation seem unreasonable. Investors advised to watch and buy on dips if Ives’ trillion-dollar vision materializes.

Investors considering Palantir should note that it wasn’t among the 10 best stock picks identified by The Motley Fool Stock Advisor team. The service has historically outperformed the S&P 500 and offers guidance on portfolio building with regular updates and stock picks. Past picks like Nvidia have shown significant returns, emphasizing the importance of research and selection in investing.



Read more at NASDAQ: Palantir Stock Investors Just Got Great News From the Wall Street Analyst That Predicted the Nasdaq’s Rise to 20,000