Among 27 Wall Street analysts, Palantir has a median target price of $96 per share, which implies 20% downside from its current price of $120 per share. Palantir currently has a price-to-earnings-to-growth (PEG) ratio that exceeds 8, which is an outrageously expensive valuation by any standard. Palantir Technologies (NASDAQ: PLTR) was the best performing stock in the S&P 500 (SNPINDEX: ^GSPC) in 2024.
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