Where Will Palantir Stock Be in 2 Years?
Palantir Technologies (NASDAQ: PLTR) stock simply took off in 2024, registering eye-popping gains of 340% as of this writing and handsomely crushing the 23% gains registered by the Nasdaq Composite index during the year.
The company, known for supplying software platforms and analytics to both federal and commercial customers, has been in the limelight thanks to the rapidly growing demand for its artificial intelligence (AI) software platform that enables clients to integrate generative AI into their operations. The proliferation of AI software has led to a pickup in Palantir's growth of late, suggesting that the company is well on its way to making the most of a solid long-term growth opportunity.
Here's a closer look at Palantir's long-term growth drivers and whether this high-flying AI stock can sustain its impressive rally over the next couple of years.
Source Fool.com
