Palantir Stock Investors Just Got Great News From a Top Wall Street Analyst

Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence stocks on the market last year. Its 340% return in 2024 made it the single best-performing member of the S&P 500 (SNPINDEX: ^GSPC). However, Dan Ives at Wedbush Securities sees the stock moving even higher. And he recently gave shareholders two reasons to be thrilled:Importantly, investors should neither buy Palantir stock simply because Ives recommends it, nor should they dismiss his conviction in Palantir without due consideration. Ives ranks among the top 15% of Wall Street analysts in terms of how often his price targets result in profits.Palantir specializes in data analytics. Its core products, Gotham and Foundry, are operating systems that integrate information into an ontology that improves organizational decision-making. To elaborate, an ontology is a framework that connects digital information to real-world objects and defines the relationship between them. By querying ontology data with analytical applications, businesses can surface important insights.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool