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Can Palantir Stock Reach $500 Per Share?
The AI tech company has become an increasing larger player in the worlds of government, military and intelligence
In recent months, Palantir Technologies, Inc. (PLTR) has warmed the hearts of investors by surging beyond most of the wildest expectations. As it recently flew past the $40 per share mark, speculation has been rife about how high the stock can reach, with some even suggesting $500 at some point. But is that possible? Let’s take a look at that pie in the sky number.
According to their website, Palantir:
“Palantir empowers intelligence agencies to securely derive actionable insights from sensitive data and achieve their most challenging operational objectives. “
If that sounds confusing, it is. Specifically, the company offers software/artificial intelligence platforms that specialize in data analytics on a very large scale. They have grown rapidly in becoming a tool of intelligence and defense that have been increasingly embraced by military and counter-terrorism entities, including the American Department of Defense.
During the past year, Palantir stock has been as low as $14.48 but currently sits at better than $43. Its recent explosion has coincided with its inclusion in the S&P 500…
