Quick Read – PLTR is down 30% year to date, but a Rule of 40 score of 145% drives our $162 price target and BUY rating. – SNOW grows just 34% with negative GAAP margins, making PLTR’s 85% revenue growth and 46% operating margin look dramatically undervalued. – Act now: the…
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Palantir (NASDAQ:PLTR) has been down 29.92% year to date while the S&P 500 has gained 9.60%. But the one reason Palantir can beat the market from here is the same reason it has beaten it over five years: a Rule of 40 score of 145%, matched only by NVIDIA (NASDAQ:NVDA), Micron (NASDAQ:MU), and SK hynix. Our 24/7 Wall St. price target for Palantir is $162.35, implying 30.33% upside from $124.57.
Recommendation: Buy. Confidence: high, at 90%. 24/7 Wall St. Price Target Summary Why Palantir Sold Off Despite Blowout Numbers Palantir sits 12% below its 52-week high of $207.52 and roughly 17% above its 52-week low of $106.37.