#5 - Palantir (NYSE: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 builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
Read More - Current Price
- $62.98
- Consensus Rating
- Reduce
- Ratings Breakdown
- 2 Buy Ratings, 8 Hold Ratings, 6 Sell Ratings.
- Consensus Price Target
- $31.71 (49.6% Downside)
