i_SVG Created with Sketch.

Capital Markets Elite Group is not a registered U.S. broker-dealer. It does not accept a U.S. Person as a client if that person was solicited by Capital Markets Elite Group. (The definition of “U.S. Person” is here.) Capital Markets Elite Group will rely on a certification from a potential customer that the potential customer either is not a U.S. Person or has not been solicited, directly or indirectly, by Capital Markets Elite Group and has not been induced by Capital Markets Elite Group to engage in securities transactions. In particular, they must certify that they were directed to this website by someone other than Capital Markets Elite Group. They must also certify that they understand that they will not be protected by U.S. laws, regulations and supervisory structures applicable to broker-dealers registered in the U.S. and they do not expect such protections to apply. You should give these certifications only if they are true. If you wish to proceed to the website knowing that, please click “Continue” below. Otherwise click “Leave Website”

Leave Website
CPro $0 Commission | $0 ECN Fees Promotion for the period 04th November 2024 - 31st January 2025. Click here for Terms and Conditions.

Cash Back Promotion for the period 16th September 2024 - 15th December 2024. Click here for Terms and Conditions.

Level Up to $0 Commission Promotion for the period 16th September 2024 - 15th December 2024. Click here for Terms and Conditions.
Start Trading
Equities and ETFsOptions
CProCAP it ALLDAS Trader ProSterling Trader ProCompare Platforms
Pricing StructureEquities and ETFsOptionsMarket DataTrade Ideas Bundles
About UsTrends and InsightsContact UsFAQs
Start Trading Login
Palantir Has Potential Said One Analyst

Palantir Has Potential Said One Analyst

Jul 18, 2024 | About 3 Minutes

Palantir Technologies, a prominent data-analytics firm primarily serving the U.S. government, has significant growth potential according to Wedbush analysts led by Dan Ives.

Throughout this year, Palantir stock has surged 64%, driven by enthusiasm surrounding artificial intelligence. On Thursday morning, it increased by 0.6% in premarket trading to $28.38 while futures tracking the S&P 500 rose slightly by 0.1%.

Despite a general tech selloff on Wednesday, Wedbush maintained an Outperform rating for Palantir with a price target of $35 and suggested that shares could reach as high as $50 if companies continue increasing their AI-related spending.

Wedbush stated: "Palantir is well-positioned to capitalize on this $1 trillion AI spending wave with more applications addressing critical issues across industries and enhancing data-driven decision-making." They believe that the company’s value remains underestimated and misunderstood.

However, not all analysts share this optimism. Mizuho's team led by Gregg Moskowitz downgraded Palantir stock from Neutral to Underperform earlier in the week due to concerns that its current valuation is overly inflated.

 

This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.