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Analyst Predicts 70% Drop for Palantir Stock Amid AI Market Volatility
Analyst Predicts 70% Drop for Palantir Stock Amid AI Market Volatility
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Palantir (PLTR) has emerged as a market darling among AI stocks, with shares more than doubling this year. Yet recent turbulence has erased nearly 20% from its peak valuation. RBC Capital's Rishi Jaluria now forecasts a staggering 70% decline, setting a $45 price target that challenges the company's position as an AI leader.
The data analytics firm serves dual markets with equal prowess. Government contracts—a legacy sector—grew 49% to $553 million last quarter, while commercial revenue jumped 47% to $451 million. Its platforms transform raw data into actionable intelligence through proprietary AI systems, creating operational efficiencies for clients worldwide.
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