Palantir Technologies Stock Could Reach $300 by the End of 2028
Yahoo Finance ·
Palantir Technologies ( PLTR +0.12% ) has staged a stunning rally recently, with shares of the artificial intelligence (AI) software specialist rising by a stunning 70% since the beginning of August. This phenomenal jump in Palantir stock has brought its price to just over $200, as of this writing. Investors may now be wondering whether Palantir can sustain its rally and reach the $300 milestone. Let's take a closer look at Palantir's prospects in this article and check why it can indeed reach that mark by the end of 2028. While the AI play has primarily focused on hardware-oriented companies in recent years, software will eventually help users increase productivity and unlock the benefits of this technology. Not surprisingly, AI software spending has been increasing rapidly.
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