Wall Street Thinks Palantir's Stock Is Worth $19.50. Are the Analysts Wrong?
When assessing a stock, one worthwhile task is to check out Wall Street analysts' one-year price target. Analysts aren't all-knowing or always correct, but seeing their estimates can help you refine your own thinking about a stock.
As I write this, the average price target for Palantir Technologies (NYSE: PLTR) is $19.50 across 19 analysts tracked by CNN. Compared to the stock's current price of around $23 as I write, that represents a significant downside. So, is Wall Street right?
Source Fool.com