Palantir Technologies (PLTR) Stock Price & Analysis: Can AI Growth Outpace Budget Cut Fears?
TLDR
- Palantir stock has more than tripled in value over the past 12 months but recently fell 4.7% amid government budget cut concerns
- The company specializes in data analysis software with four platforms: Gotham, Foundry, AIP, and Apollo
- Q4 2024 showed impressive growth with revenue up 36% YoY to $828 million and 45% adjusted operating margin
- Government contracts make up 55% of Palantir’s revenue, making recent defense budget cuts a significant concern
- Goldman Sachs maintains a neutral rating with an $80 price target, citing high valuation and future competitive edge concerns
Palantir Technologies (PLTR) has seen its stock rise dramatically over the past year, more than tripling in value. But recent concerns about…
