Palantir Technologies (NYSE:PLTR) is a well-known player in the U.S. cyber-defense industry. The company won’t easily dominate the global cybersecurity market. Despite the high price, we still rate PLTR stock a “B” for its potential rally in 2024.
Palantir Technologies is a favorite among momentum-focused technology stock investors. For instance, Cathie Wood’s Ark Invest purchased over 1.5 million shares of Palantir stock earlier this year. The CEO of Palantir Technologies recently confessed to the company’s challenges in entering a non-U.S. market. Prospective investors should consider Palantir’s obstacles and opportunities before deciding financially.
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