Wall Street’s Divided Stance on Palantir Ahead of Earnings
Palantir Technologies prepares to unveil Q2 earnings amid a year of staggering stock performance, with shares more than doubling in 2024. The AI software firm, now the top performer in the S&P 500, faces skepticism from Wall Street analysts despite its rally. Only two of twelve analysts rate the stock a 'buy,' while seven advise holding and three recommend selling.
Wedbush Securities stands as a notable bull, raising its price target to $160 and accusing the Street of underestimating Palantir's revenue potential. The consensus price target of $107 sits 30% below current levels, highlighting the tension between market enthusiasm and institutional caution.