PLTR - Will Palantir Technologies Be a Trillion-Dollar Stock by 2030?
2024-06-23 04:20:00 ET
Software company Palantir Technologies (NYSE: PLTR) has been a big winner since artificial intelligence (AI) became a focal point for Wall Street. The stock has appreciated over 300% since January 2023, shortly after the explosion of ChatGPT's popularity.
Palantir is worth over $50 million in market cap today, and the company's growth prospects look bright. Some say that Palantir is poised to become the next "big technology" company, joining the likes of Nvidia and Microsoft in the trillion-dollar club.
Let's pump the brakes: That's roughly a 20x increase from where the stock is today. But what about the future, by, say, 2030? This Fool looked at the numbers to see how likely that might be. Here is what you need to know.
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Will Palantir Technologies Be a Trillion-Dollar Stock by 2030?