Palantir Stock: Buy at the High?

Palantir Technologies (NASDAQ: PLTR) last year delivered the best performance in the S&P 500 index, and the artificial intelligence (AI)-driven software company may be on track to repeat that. So far this year, the stock has posted the biggest gain in the benchmark, advancing nearly 100%. The reason behind all of this excitement is clear: Palantir has reported surging demand from commercial and government customers, and that's translated into an explosion in revenue growth.The company is benefiting from commercial and government interest in AI as one of its systems in particular -- known simply as the Artificial Intelligence Platform (AIP) -- helps customers immediately apply AI to their individual situations. Palantir's successes so far and the general forecast for an AI market valued at more than $2 trillion a few years down the road offer us reason to be optimistic about the company's growth.Still, some analysts aren't convinced the stock can keep up the current pace and expect it to fall -- possibly by about 30% according to the average Wall Street price forecast -- in the coming 12 months. So far, though, the stock has been going strong and even reached a new record high. Considering all of this, should you buy at the high or avoid this highflyer? Let's find out.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool