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PLTR: Wedbush Sees $1B AI Boom Ahead for Palantir, Hikes Target to $160

Bacaan 1 minit

July 11 - Palantir Technologies PLTR just got a vote of confidence from Wedbush, which kept its "Outperform" rating and nudged the price target up to $160 from $140

Analysts led by Daniel Ives said their latest field checks have turbocharged their faith in Palantir's AI roadmap, and they see that momentum carrying into the next 12 to 18 months.

While PLTR's multiples look lofty today, Ives's team argues the company could be the next big winner in the multitrillion?dollar enterprise AI boom, much as Oracle once was.

Commercial and federal customers, they note, are queuing up for Palantir's Artificial Intelligence Platform, eager to tap its data?driven tools across multiple use cases.

Wedbush also thinks the market may be underplaying the AIP unit's potential to pull in more than $1 billion in U.S. commercial sales in the years ahead.

On the government front, initiatives like Project Stargate and a fresh NATO contract are poised to give PLTR even more wind at its back, especially as Washington and Brussels ramp up AI spending.

With disciplined IT budgets and new partnerships unfolding, from the Pentagon to the Middle East, investors will be watching to see if Palantir can keep this rally on course.

Is PLTR Stock a Buy or Sell?

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Based on the one year price targets offered by 20 analysts, the average target price for Palantir Technologies Inc is $105.51 with a high estimate of $160.00 and a low estimate of $40.00. The average target implies a downside of -25.96% from the current price of $142.50.

Palantir Technologies Inc's share price is $142.5. Its GF Value is $24.22. Based on the relationship between the current stock price and the GF Value, GuruFocus believes Palantir Technologies Inc stock is Significantly Overvalued. The GF Value represents the current intrinsic value of a stock derived from our proprietary algorithm. It is based primarily on the historical multiples of where the stocks have been traded and the future growth of the business, adjusted for the past returns and growth.