BairdAnalysts William Power and Yanni Samoilis of Bearmias o...
BairdAnalysts William Power and Yanni Samoilis, on December 12th,$Palantir (PLTR.US)$maintained a 'Hold' rating and set a Target Price of $70.
Analysts predict that Palantir's operationalization of AI applications will become the most important field in the coming years. While acknowledging the company's technological innovation, they are cautious about the current high stock valuation.
Bear analysts stated, "PLTR is traded at a high level of 48 times the 2025 revenue forecast, which is top class in the software industry. The high expectations can be seen from the 313% increase just this year. However, they warn that while recognizing the strong business momentum, past performance is not a guarantee of the future."
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more