Palantir Technologies Inc.’s stock has been among the biggest riders of the artificial-intelligence wave this year, and investors are about to find out how that craze has impacted its financials.
Given a huge run-up in Palantir shares PLTR so far in 2023, with the name up 183% on the year, one analyst is adopting a wait-and-see stance ahead of Monday’s earnings, which come out after the closing bell. All of these “could cause near-term choppiness in the financials,” wrote Thill, who has a hold rating on the stock and a $17 price target.
While many stocks have gotten boosts this year thanks to enthusiasm around AI, Palantir shares have seen some of the biggest gains. Other significant winners include shares of Nvidia Corp. NVDA , which will report results Aug. 23, Meta Platforms Inc. META , which said in late July that AI was already helping the company deliver useful ad products that aid its monetization objectives, and C3.ai Inc.
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Source: CNBC - 🏆 12. / 72 Read more »