Billionaires Back AI Stocks: Palantir and Upstart See 240% and 85% Upside, Respectively

Billionaires are buying Palantir Technologies (PLTR) and Upstart (UPST), with Wall Street analysts expecting Palantir to reach $1 trillion in three years, implying 240% upside, and Upstart's target price at $85, implying 85% upside. Palantir's AI platform has driven strong growth, with revenue up 39% to $884 million and non-GAAP earnings up 62%. However, the valuation of 270 times earnings looks expensive, and investors should be prepared for a sharp correction.

Billionaires are increasingly investing in Palantir Technologies (PLTR) and Upstart (UPST), with Wall Street analysts forecasting significant growth and potential market valuations. According to a recent report, billionaire investors have shown interest in both companies, with analysts expecting Palantir to reach $1 trillion in three years, implying a 240% upside. Upstart's target price is estimated at $85, indicating an 85% upside.

Palantir's AI platform has been a key driver of its strong growth. The company reported a 39% increase in revenue to $884 million and a 62% rise in non-GAAP earnings in the latest quarter. However, the company's valuation of 270 times earnings is seen as expensive by some analysts, who warn investors to be prepared for a potential sharp correction.

Analysts provide mixed projections on Palantir's future stock performance. The average one-year price target is $101.21, with a high estimate of $150.00 and a low of $40.00. The current price stands at $126.39, suggesting a potential downside of 19.93% [1].

Upstart, a fintech company, has also seen interest from billionaires. The company's valuation target is $85, which implies an 85% upside from its current price. Upstart's AI-driven lending platform has driven strong growth, but the company faces competition from established financial institutions and other fintech companies.

The investments from billionaires and the optimistic projections from analysts highlight the potential of Palantir and Upstart. However, investors should be cautious of the high valuations and potential risks. The companies' success will depend on their ability to maintain their growth momentum and navigate the competitive landscape.

References:
[1] https://www.gurufocus.com/news/2898991/palantir-pltr-gains-on-government-contracts-and-revenue-growth
[2] https://finance.yahoo.com/news/argus-lowers-wdc-price-target-190949157.html
[3] https://www.nasdaq.com/articles/atlantic-international-corp-launches-conversational-ai-platform-workforce-intelligence