Where Will Palantir Stock Be in 10 Years?
Three years ago, data analytics company Palantir (NYSE: PLTR) debuted on public markets through a direct listing. Since then, its shares have risen around 80%, with most of that growth coming from a recovery in 2023 as investors became more optimistic in its ability to incorporate new generative artificial intelligence (AI) tech into its business model. Let's explore what the next 10 years could have in store for the company.
Palantir is an American software company known for data fusion and mining, a process that involves analyzing a large volume of information and combining data from different sources into useful insights. The company is unique because of its significant exposure to sensitive government clients and missions.
According to CNBC, Palantir's software helped the U.S. find Osama Bin Laden in 2011. And it is currently used to help the Ukrainian armed forces with targeting in the war with Russia.
Source Fool.com
