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News  ›  The Motley Fool

Should You Buy Palantir Technologies Stock Before Nov. 3? Wall Street Has a Nearly Unanimous Answer That Might Surprise You

The Motley Fool Logo The Motley Fool By Danny Vena
Should You Buy Palantir Technologies Stock Before Nov. 3? Wall Street Has a Nearly Unanimous Answer That Might Surprise You

Palantir Technologies, an AI and data analytics company, has seen significant stock growth driven by its AI solutions. Despite a high valuation, analysts are cautiously optimistic about its long-term potential in the AI market.

Insights
SNPS   neutral

Mentioned as a key market player alongside Cadence, holding significant market share in electronic design automation software


PLTR   neutral

While the stock has grown 323% in a year and shows strong revenue growth, 84% of analysts recommend holding or selling due to its high valuation of 224 times next year's expected earnings. However, some analysts like Dan Ives remain bullish on its long-term potential.