67% stock increase for Palantir in 2024, driven by AI adoption and projected $1 trillion market by 2032.
Palantir Technologies has experienced a 67% stock increase in 2024, driven by the global adoption of AI and predicted to reach a $1 trillion market by 2032. The company reported $2.3 billion revenue in the past year, with commercial revenue increasing 27% year-over-year. Analysts expect earnings growth at an annual rate of 85% over the next five years, with Palantir's undervalued status making it a potential long-term growth investment.
July 17, 2024
8 Articles