1 Artificial Intelligence (AI) Stock With 75% Upside to Buy Hand Over Fist, According to Dan Ives [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
One of the main tailwinds last year was a rising interesting in artificial intelligence (AI). This momentum has continued this year with the Nasdaq and S&P 500 returning 18% and 15%, respectively, so far. Although mega-cap technology stocks in the " Magnificent Seven " have generated particularly strong returns, there are some smaller players emerging as interesting opportunities. Enterprise software company Palantir Technologies (NYSE: PLTR) has been one of the biggest winners of the AI movement so far. Shares have gained 66% so far in 2024, and research analyst Dan Ives of Wedbush Securities thinks there's a lot more room for the stock to run. Ives recently assigned a $50 price target to the stock in his upside case, implying 75% upside to its trading levels as of the market close on July 19. Let's explore some of the themes from Ives' research and determine how and why Palantir could continue riding the AI wave. Palantir is winning over customers in droves In April 2023,
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PLTR
News
- Dell Technologies, Palantir set to join S&P 500 Index [Seeking Alpha]Seeking Alpha
- Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 [Yahoo! Finance]Yahoo! Finance
- Palantir, Dell Will Join The S&P 500. The AI Stocks Are Jumping. [Yahoo! Finance]Yahoo! Finance
- Dell and Palantir to join S&P 500; shares of both jump [CNBC]CNBC
- Palantir Stock Up 76% YTD: Should You Buy or Wait for a Pullback? [Yahoo! Finance]Yahoo! Finance
PLTR
Earnings
- 8/5/24 - Beat
PLTR
Sec Filings
- 9/5/24 - Form 4
- 9/3/24 - Form 4
- 8/22/24 - Form 4
- PLTR's page on the SEC website