Prediction: Palantir Stock Could Hit $100 By Year-End (but There's a Catch)

Artificial intelligence (AI) once again dominated investment themes during 2024. While 2023 was all about the "Magnificent Seven" stocks such as Nvidia, Microsoft, Apple, Amazon, Alphabet, Tesla, and Meta Platforms, 2024 was influenced even more by a few new players that are vying for equal status as big tech names.In my eyes, no other upstart tech company has garnered anywhere near the attention that enterprise software platform Palantir Technologies (NASDAQ: PLTR) is getting this year. As of this writing, Palantir stock has gained 380% so far in 2024 -- making it the highest-performing stock in the S&P 500 by far.Right now, shares of Palantir trade around $82. Below, I'm going to break down Palantir's meteoric rise and explain how the stock could very well continue climbing higher, perhaps even hitting $100 a share by the end of the year. But more important than the short-term potential of this stock, I'll outline if now is the best time to invest in Palantir for the long term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool