Palantir Technologies Inc. stock has doubled in value over the past month, gaining much ground, and fast, on the back of the latest AI frenzy. In our updated fundamental valuation analysis for Palantir stock, which considers AIP, profitability, macro-conditions and IT spending trends, we expect the stock to find support in the low-to-mid teens. AI is expected to remain a multiple-expanding catalyst in tech, but whether Palantir's valuation can sustainably benefit will ultimately depend on its ability to demonstrate monetization of related growth opportunities.
Where We Think Palantir Stock Will Trade