PLTR Stock Recent News

Shares of Palantir Technologies Inc (NYSE:PLTR) dropped more than 5% on Monday after Morgan Stanley (NYSE:MS) analysts initiated coverage with an 'Underweight' rating and a $60 price target. Analysts cited concerns about the stock's valuation and limited near-term growth potential despite its 340% surge in 2024, which Morgan Stanley noted was driven primarily by multiple expansion rather than substantial revenue gains.

Morgan Stanley renewed coverage of Palantir with an underweight rating citing valuation. Palantir stock tumbled on the news.

Mississauga, ON, Jan. 06, 2025 (GLOBE NEWSWIRE) -- EllisDon Corporation announces it has partnered with Palantir Technologies, a leading data analytics company. These efforts made by EllisDon will deploy operational AI and enhance the company's Insights and Analytics team's capabilities. The collaboration between the two companies began in Summer 2024.     The partnership has enabled EllisDon to leverage Palantir's advanced data analytics and AI platform to optimize its operations, increase efficiency, and drive growth. CIO of EllisDon, Brandon Milner said, "We are thrilled to finally announce this agreement with Palantir Technologies. This partnership has helped us achieve significant progress in our long-term strategic goals and positioned the company for continued success in the highly competitive construction technology industry."    Prior to the deployment of Artificial Intelligence tools, it was necessary for EllisDon to build-out a modernized, cleanly structured, a

I review five of the top stocks of 2024, selected based on their price action, fundamentals and presence within leading tech themes. All five of these stocks trade at quite high multiples, headlined by IonQ at 230x forward revenue and Palantir at a 2021-esque 63x forward revenue and 32x 2027 revenue. If there's one major takeaway from this selection of 2024's top tech stocks, it's that being at the top comes with quite the price tag and premium.

Jim Cramers breaks down why he's keeping an eye on shares of Palantir.

With the advent of the artificial intelligence revolution, semiconductor stocks have largely seen huge returns, as they're essential for building out the necessary infrastructure. However, one pure-play AI company has managed to outshine them all — and that's Palantir (NASDAQ: PLTR).

One of the biggest themes that helped drive the market last year was artificial intelligence (AI). The technology, which in the past was relegated to science fiction, has suddenly become mainstream.

Sorting through what is signal and what is noise as an investor is a key part of being successful. When you see a glaring signal, not acting on it can be a disaster.

The U.S. stock market ended 2024 on a high note, with the benchmark S&P 500 index up by 23.3%. That came on the heels of its 24.2% rise in 2023, so overall, the S&P was up by 53.2% since 2022 -- one of its best two-year stretches of the 21st century.

When it comes to artificial intelligence (AI), odds are you think about "Magnificent Seven" stocks such as Microsoft, Nvidia, or Tesla simply by default. But in 2024, one smaller player emerged from the deepest corners of the AI realm and propelled itself into the spotlight.