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This Artificial Intelligence (AI) Software Stock -- A 488% Gainer Since its IPO -- Still Has Massive Upside, According to 2 Wall Street Analysts


One of the breakout stars of the artificial intelligence (AI) revolution is data analytics software company Palantir Technologies (NYSE: PLTR). Since its initial public offering in late 2020, Palantir shares have generated a 488% return as of market close on Nov. 7.

But to be honest, Palantir's journey hasn't been without some challenges and drama along the way. Despite a successful public debut a few years ago, shares of Palantir cratered throughout much of 2022 on the backdrop of a tough macroeconomy. With shares trading for just $6 at the beginning of 2023, Palantir's outlook didn't look bright. The company had virtually no presence in the private sector, and growth from its government contracting business was decelerating.

However, the launch of the Palantir Artificial Intelligence Platform (AIP) in April 2023 sparked a comeback that even Rocky would appreciate.

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Source Fool.com

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