Where Will Palantir Stock Be in 3 Years?
It is often said that the stock market can stay irrational longer than you can say solvent. This axiom is relevant for investors who are short-selling Palantir Technologies (NASDAQ: PLTR). With shares up by a jaw-dropping 1,740% over the last five years, the artificial intelligence (AI) data analytics company has consistently proven the naysayers wrong as it pushes to new highs.
But with shares already trading at an abnormally high valuation, how much longer can the bull run last? Let's dig deeper into the pros and cons of Palantir to decide what the next three years might have in store.
Since its founding in 2003, Palantir's business model has involved providing big data analytics software as a service to public and private sector clients. The arrival of generative artificial intelligence in late 2022 dramatically boosted the capabilities of its tools by making the software easier to use and enabling real-time insights in fast-paced scenarios like battlefields and law enforcement operations.
Source Fool.com
