The debate between bullish and bearish investors continues to surround Palantir Technologies (PLTR). Bulls are encouraged by the improved profitability of PLTR stock, while bears are concerned about decelerating revenue growth. Additionally, there is speculation surrounding artificial intelligence stocks and their impact on the maker of data analytics software.
As of June 24, PLTR stock had seen a 38% increase in 2024, but faced a setback with an analyst downgrade on June 21. Investors are keeping a close eye on whether PLTR stock can maintain support above its 50-day moving average and its ranking in the IBD 50 roster of growth stocks. Furthermore, Palantir’s involvement in the AI market and recent developments with their Artificial Intelligence Platform (AIP) are key points of interest for investors.
Despite facing challenges in their international business and government market, Palantir aims to leverage artificial intelligence software to drive growth. With a diversified approach in industries like healthcare, energy, and manufacturing, Palantir seeks to capitalize on generative AI to expand their commercial market share. As partnerships with companies like Oracle and Microsoft continue to strengthen, Palantir’s governance structure and long-term potential in the AI landscape remain central topics for investors to consider.
