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The hype around AI stocks is alive and well, but is Palantir stock different?
Popular tech analyst Dan Ives put out a new bull-case $50 price target for Palantir (PLTR 0.28%), calling it the Messi of AI. Palantir stock is up over 60% in 2024, and while there might be more upside ahead, the downside risk is real.
*Stock prices used were from the trading day of July 19, 2024. The video was published on July 21, 2024.
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.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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