Palantir Stock Offers 'One of a Kind Growth.' Should You Buy PLTR Here? - Yahoo Finance

This article by Wajeeh Khan examines Palantir Technologies' stock performance following a bullish analyst rating from Piper Sandler.

Piper Sandler analyst Brent Bracelin initiated coverage of the big data analytics firm with an "Overweight" rating and $170 price target, suggesting 8% upside potential. Despite acknowledging Palantir's high valuation with a forward P/E ratio exceeding 400x, Bracelin emphasized the company's unique growth potential in artificial intelligence markets. The stock has already surged 150% from its January lows, with upcoming Q2 earnings on August 4 expected to show significant growth.

• Piper Sandler sees Palantir as a "secular winner" in AI with access to trillion-dollar addressable markets
• Consensus earnings estimate of $0.08 per share represents 150% growth year-over-year
• Wall Street remains divided with overall "Hold" rating and mean price target suggesting 30% downside
• Strong Q2 earnings results could validate the bullish thesis and drive further stock gains