Palantir Could Be A Leader On The Downside In AI Market Correction

Summary:

  • Palantir Technologies has been a popular name to own among AI enthusiasts and investors, but its valuation is ahead of projected growth rates.
  • I come up with a fair value under $15, which could decline markedly in a recession scenario.
  • There is “no room for error” in share pricing, as insiders/management have turned into heavy sellers during 2024, while the technical momentum picture is mixed at best.

Exploding cyborg Ai face

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Palantir Technologies Inc. (NYSE:PLTR) has been a top choice of artificial intelligence enthusiasts over the past year. However, it’s valuation appears to be well ahead of its projected growth rate. Like I mentioned in a previous


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