Morgan Stanley warns that the AI star Palantir will drop by 25%
Palantir's stock price rose 340% last year, with a market capitalization of approximately $150 billion, solidifying its position among the top companies in artificial intelligence and data analytics.
Analyst Singh expressed skepticism about the company's valuation, stating that it was primarily built through multiple expansions rather than fundamental growth. Singh added, "Palantir has become a top partner for rapidly implementing AI, but the company's trading level is far above its intrinsic value." Singh gave the stock a "reduce" rating and a target price of $60 per share.
$Palantir Tech(PLTR.US) Some AI stocks do indeed have significant bubbles.
$NVIDIA(NVDA.US) NVIDIA does not have a bubble.
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