Palantir Technologies (NASDAQ: PLTR) stock was in red-hot form in 2024 as investors showed increasing interest in this software platforms specialist thanks to strong demand for the company's artificial intelligence (AI)-focused offerings,

Denver, Colorado-based Palantir Technologies Inc. (PLTR) is a leading builder of operating systems that builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations.

I warn of Palantir's high valuation and risks despite strong growth, advising caution on adding shares. Read an investment analysis of PLTR stock here.

Without a doubt, 2024 has been a fantastic year for Palantir Technologies ( PLTR 3.78%) and its shareholders. Yet as the year draws to a close, you may be wondering where Palantir stock will be one year from now. Here's what I think is most likely to happen.