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7 defense stocks you need to buy before 2023 ends - 5 of 7

 
 

#5 - Palantir (NASDAQ:PLTR)

Up to now, the defense stocks listed have been the blue-chip names of the sector. Palantir Technologies, Inc. (NYSE: PLTR) is becoming a well-known name, but for some investors, the company's reputation is more notorious than one of notoriety. 

In the most simplistic definition, the company is an enterprise software company focused on AI and big data analytics. When the company went public in 2020, it relied heavily on government business, particularly from the U.S. Department of Defense (DOD).  

Today, Palantir continues to grow its business with the U.S. government, which is also proving to be a test case for the company's artificial intelligence platform, named AIP, which is based on three core pillars to ensure that the large language models and cutting-edge AIs are used in the legal and ethical manner required with confidential information.  

Palantir is a polarizing stock. But if you believe in the company's long-term growth opportunity as it relates to artificial intelligence, then there's still time to get in on PLTR stock before it moves much higher.  

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. Read More 
Current Price
$68.23
Consensus Rating
Reduce
Ratings Breakdown
2 Buy Ratings, 11 Hold Ratings, 7 Sell Ratings.
Consensus Price Target
$42.12 (38.3% Downside)

 

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