Investors should never lean too heavily on forecasts. A recent study found that only half of price targets correctly predict which direction a stock will move, meaning far fewer predict the actual price with any degree of accuracy. However, Nvidia and Palantir warrant further consideration.

Wall Street was set for a marginally higher open on Friday after data underscored the narrative that price pressures were cooling, raising expectations that the Federal Reserve's next move might be another outsized interest rate cut.