Palantir's business has been booming as artificial intelligence (AI) elevated the company's offerings, leading to a surge in demand, and multiple quarters of impressive results. But is this tech stock still a no-brainer buy heading into 2025?

Key Takeaways Palantir Technologies shares retreated Monday after hitting their latest all-time high earlier in the session.The software maker had a record-high close Friday after announcing a collaboration with defense tech contractor Anduril,

Investor enthusiasm about Palantir Technologies has driven the stock to sky-high valuation metrics. At Tuesday’s close, Palantir was trading at 67 times its sales over the last 12 months. History suggests Palantir’s stock could be peaking,

Artificial intelligence outfit Palantir Technologies (NASDAQ:PLTR) may be poised to see its stock soar this Friday. Although it has already quadrupled in value in 2024 and has gained over 620% since its 2020 IPO,

The 20 analysts covering Palantir have a one-year price target of $38 on the stock. That points toward a 43% drop from current levels. Another thing worth noting is that 35% of the analysts recommend selling Palantir stock. Half of them have a "hold" rating, while only 15% recommend buying it.

Palantir Technologies faces significant competition in both government and commercial AI markets. See why I reiterate my sell rating on PLTR stock.

Palantir Technologies stock was slipping on Wednesday, the day before it could potentially join the Nasdaq 100. Shares in the company, which develops software platforms that mine data, slid 2.4% to $69.

Palantir Technologies Inc. PLTR stock has tripled in a year. Shares have gained a whopping 313% year to date, significantly outperforming the broader technology service industry’s 57.4% return and the Zacks S&P 500 composite’s 27.