Palantir Technologies Inc Stock News

Applications involving artificial intelligence (AI) seem to be evolving by the day. While it's obvious that different facets of the technology world can be enhanced through AI, it's become apparent that enterprise software is a particularly enormous opportunity.

Palantir (PLTR -4.63%) and BigBear.ai (BBAI -9.59%) are both enterprise AI software companies which crunch massive amounts of data for large organizations. Palantir, which went public via a direct listing in September 2020, is a much larger company which analyzes data for the top U.S. government agencies and big enterprise customers.

Palantir's stock experienced significant volatility, dropping from $125 to $106 due to defense budget cuts and a new trading plan by CEO Alex Karp. Despite strong revenue growth and impressive U.S. commercial sales, Palantir's valuation is seen as irrationally high, prompting a downgrade to "Strong Sell". Palantir's current valuation is unsustainable, trading at over 83x TTM revenue, far exceed...

Palantir Technologies (PLTR -4.63%) and Super Micro Computer (SMCI -5.40%) are two of the most popular artificial intelligence (AI) stocks on the market. But certain Wall Street analysts have set the companies with target prices that imply substantial downside in the next year.

Chart-wise, the relative resistance zone sits right around 125 but traders are pricing in a wider range. The post Palantir Stock Today: This Double Butterfly In Calls And Puts Could Turn A Profit Of $1,547 appeared first on Investor's Business Daily.

Palantir Technologies  (NASDAQ:PLTR) remains a highly divisive stock for certain investors.

CEO Alex Karp is selling many of his personal shares in Palantir (PLTR 0.10%) stock, causing shareholders to rush to the exits.

Palantir Technologies has arguably been one of Wall Street's top growth stocks in the past couple of years. Since January 2023, its share price has climbed by more than 1,700%.