Palantir Stock Is the Messi of AI According to This Analyst

By Neil Rozenbaum – Jul 31, 2023 at 10:15AM

NYSE: PLTR

Palantir Technologies

Market Cap

$48B

Today's Change

(-0.23%) -$0.05

Current Price

$21.68

Price as of May 31, 2024, 4:00 p.m. ET

The hype around AI stocks is alive and well, but is Palantir stock different?

In this video, I will talk about the reason Palantir (PLTR -0.23%) popped 10% last Friday. Popular tech analyst Dan Ives initiated coverage of the company with a $25 price target, calling it the Messi of AI. Palantir stock is up over 170% in 2023, and while there might be more upside ahead, the downside risk is real.

*Stock prices used were from the trading day of July 28, 2023. The video was published on July 30, 2023.

Neil Rozenbaum has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.