Palantir Applied sciences (NYSE: PLTR) inventory has posted sturdy good points throughout 2024’s buying and selling. Spurred by enhancing margins, adoption of the corporate’s synthetic intelligence (AI) companies, and expectations of long-term tailwinds tied to the unfolding tech revolution, the data-software specialist’s share value has risen 34% yr so far. Much more placing, shares are up 186% during the last 12 months.However one Wall Avenue analyst outfit is pumping the breaks on the inventory. In a word printed on Palantir on Thursday, brokerage agency Monness, Crespi, Hardt & Co. maintained a value goal of $20 per share on the inventory, however it downgraded its score from impartial to promote.Palantir’s inventory value pulled again in Thursday’s buying and selling in response to the up to date protection, falling 6.1% within the each day session. With the information software program specialist’s inventory now buying and selling at roughly $23 per share, Monness’ value goal would suggest a draw back of 13%.What comes subsequent for Palantir inventory?Monness thinks that Palantir stays in a superb place to learn from long-term synthetic intelligence tendencies, however the agency thinks that the software program firm’s valuation has change into unreasonably stretched. Specifically, the agency’s analysts famous that Palantir’s gross sales to authorities clients had been lumpy.The analyst suggests Palantir’s execution as being too spotty to justify an “extreme” valuation. Notably, Monness additionally mentioned that it expects that the darkest days of an financial downturn are nonetheless forward of us.With Palantir inventory buying and selling at roughly 70 occasions this yr’s anticipated earnings and 19 occasions anticipated gross sales, there isn’t any query that the corporate has a extremely growth-dependent valuation. The enterprise has seen gross sales progress reaccelerate together with the rollout of its Synthetic Intelligence Platform suite, and margins have improved considerably.Nonetheless, the analyst could also be on to one thing right here with its report. It might appear prudent that buyers (or potential buyers) who haven’t got excessive ranges of danger tolerance could need to search out extra conservatively valued candidates within the AI house.Story continuesShould you make investments $1,000 in Palantir Applied sciences proper now?Before you purchase inventory in Palantir Applied sciences, contemplate this:The Motley Idiot Inventory Advisor analyst crew simply recognized what they imagine are the 10 greatest shares for buyers to purchase now… and Palantir Applied sciences wasn’t one in every of them. The ten shares that made the reduce might produce monster returns within the coming years.Inventory Advisor gives buyers with an easy-to-follow blueprint for fulfillment, together with steering on constructing a portfolio, common updates from analysts, and two new inventory picks every month. The Inventory Advisor service has greater than tripled the return of S&P 500 since 2002*.See the ten shares*Inventory Advisor returns as of March 25, 2024Keith Noonan has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Palantir Applied sciences. The Motley Idiot has a disclosure coverage.Palantir Inventory Is Headed 13% Decrease, Based on 1 Wall Avenue Analyst was initially printed by The Motley Idiot