Palantir's AI Revolution: Analysts Bullish as Stock Surges Amid Nasdaq Transition

Dan Ives Defends $75 Palantir Target Amid AI Revolution And Revenue Surge: 'Haters Will Continue To Hate' (CORRECTED) - Oracle (NYSE:ORCL), Elastic (NYSE:ESTC)

Editor's Note: The price of Palantir stock has been updated to reflect its current value of approximately $65. Wedbush analyst Dan Ives has reaffirmed his $75 price target on Palantir Technologies PLTR, citing strong growth potential amid the AI revolution. What Happened: On Monday, while appearing in a segment of CNBC, Ives argued that the market is undervaluing Palantir's potential, especially in the software sector. He highlighted that the company's enterprise solutions could generate billions in revenue, positioning Palantir as a future leader like Oracle ORCL. Despite the current market price hovering around $65, Ives remains optimistic about Palantir's growth trajectory in the coming years. See Also: Joby Gets Toyota's $500M Dollar Lift: eVTOL Pioneer Making New Highs He acknowledged the skepticism from bears but maintained that the company's advancements in AI and software use cases are unparalleled. "The haters will continue to hate," Ives said, adding, "They are still underestimating when it comes to the software, the use cases." He continued by saying that there's no product out there that matches what Palantir has done with AIP. Palantir's Advanced Intelligence Platform or AIP, introduced in April 2023, integrates advanced AI features like large language models into the company's Foundry and Gotham platforms. It aims to streamline decision-making in sectors such as defense and intelligence. Why It Matters: The endorsement from Ives comes as Palantir experiences a remarkable ascent, with its stock surging 289.928% year-to-date. Ives has previously raised Palantir's price target to $75, highlighting 2025 as a pivotal year for AI implementation across the industry. This optimism is shared with other software companies like Elastic NV ESTC and Snowflake Inc. SNOW, which were also upgraded to Buy ratings. Despite the bullish outlook, some analysts have flagged risks in Palantir's valuation. Hedge fund titans like Renaissance Technologies and ARK Investment Management have trimmed their stakes, selling over 3 million shares in the third quarter, although they still hold significant positions. Palantir's third-quarter earnings report showed a revenue beat, with total revenue up 30% year-over-year, driven by "unrelenting AI demand." U.S. revenue grew 44% year-over-year, with commercial and government sectors showing significant growth, further supporting Ives' bullish stance. Price Action: Palantir's stock finished Monday at $64.65, up 0.47% during regular trading. However, it dropped 1.24% in after-hours trading, according to data from Benzinga Pro. Photo by Spyro the Dragon on Shutterstock Read Next: Jensen Huang's Nvidia Fast-Tracks Samsung's AI Memory Certification As AI Giant Looks To Catch Up To Demand Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Dan Ives Defends $75 Palantir Target Amid AI Revolution And Revenue Surge: 'Haters Will Continue To Hate' - Oracle (NYSE:ORCL), Elastic (NYSE:ESTC)

Wedbush analyst Dan Ives has reaffirmed his $75 price target on Palantir Technologies PLTR, citing strong growth potential amid the AI revolution. What Happened: On Monday, while appearing in a segment of CNBC, Ives argued that the market is undervaluing Palantir's potential, especially in the software sector. He highlighted that the company's enterprise solutions could generate billions in revenue, positioning Palantir as a future leader like Oracle ORCL. Despite the current market price hovering around $37, Ives remains optimistic about Palantir's growth trajectory in the coming years. See Also: Joby Gets Toyota's $500M Dollar Lift: eVTOL Pioneer Making New Highs He acknowledged the skepticism from bears but maintained that the company's advancements in AI and software use cases are unparalleled. "The haters will continue to hate," Ives said, adding, "They are still underestimating when it comes to the software, the use cases." He continued by saying that there's no product out there that matches what Palantir has done with AIP. Palantir's Advanced Intelligence Platform or AIP, introduced in April 2023, integrates advanced AI features like large language models into the company's Foundry and Gotham platforms. It aims to streamline decision-making in sectors such as defense and intelligence. Why It Matters: The endorsement from Ives comes as Palantir experiences a remarkable ascent, with its stock surging 289.928% year-to-date. Ives has previously raised Palantir's price target to $75, highlighting 2025 as a pivotal year for AI implementation across the industry. This optimism is shared with other software companies like Elastic NV ESTC and Snowflake Inc. SNOW, which were also upgraded to Buy ratings. Despite the bullish outlook, some analysts have flagged risks in Palantir's valuation. Hedge fund titans like Renaissance Technologies and ARK Investment Management have trimmed their stakes, selling over 3 million shares in the third quarter, although they still hold significant positions. Palantir's third-quarter earnings report showed a revenue beat, with total revenue up 30% year-over-year, driven by "unrelenting AI demand." U.S. revenue grew 44% year-over-year, with commercial and government sectors showing significant growth, further supporting Ives' bullish stance. Price Action: Palantir's stock finished Monday at $64.65, up 0.47% during regular trading. However, it dropped 1.24% in after-hours trading, according to data from Benzinga Pro. Photo by Spyro the Dragon on Shutterstock Read Next: Jensen Huang's Nvidia Fast-Tracks Samsung's AI Memory Certification As AI Giant Looks To Catch Up To Demand Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A 'Primetime' Year For AI - BP (NYSE:BP), Salesforce (NYSE:CRM)

Wedbush Securities has issued an endorsement of the artificial intelligence software sector, with Managing Director Dan Ives predicting that 2025 will be a pivotal year for AI implementation across the industry. This comes as Palantir Technologies Inc. PLTR continues its remarkable ascent, having surged 288% year-to-date. What Happened: In a notable sector-wide upgrade, Ives raised Palantir's price target to $75 while upgrading both Elastic NV ESTC and Snowflake Inc SNOW to Buy ratings. He also increased Salesforce Inc.'s CRM price target to $375, signaling broader confidence in the software sector's AI potential. "The AI Revolution is accelerating and now it's the software sector that will benefit from the use case phase of AI set to be primetime in 2025," Ives wrote, adding, "Software AI age here." The bullish outlook aligns with Palantir's recent performance, which has seen its market capitalization soar to approximately $140 billion, surpassing defense contractor Lockheed Martin Corp. LMT. The company's growth has been particularly notable following recent political developments, with its stock reaching $61 per share. See Also: Economist Slams DOGE: Tells Elon Musk-Led Initiative To 'Do Your Legal Job Well' Amid Super Bowl Ad Spending Clash Why It Matters: Palantir's momentum is supported by concrete achievements, including a $480 million Pentagon contract for Project Maven and its first profitable year in 2023, reporting $144 million in third-quarter net income. The company has successfully expanded its commercial sector revenue to 35% of total earnings, securing major contracts with CVS Health Corp. CVS and BP plc BP. However, some investors express caution regarding valuations. Major hedge funds, including Renaissance Technologies and ARK Investment Management, reduced their Palantir holdings in the third quarter, though maintaining significant positions. The company's P/E ratio of 328.85 and heavy retail investor base of approximately 50% have prompted discussions about potential market volatility. Price Action: Palantir's stock closed at $64.35 on Friday, gaining 4.87% during the regular trading session. In after-hours trading, the stock dipped slightly by 0.20%. Year-to-date, Palantir has seen a remarkable surge of 288.12%, according to data from Benzinga Pro. Read Next: McDonald's Spends $100 Million After E. Coli Outbreak As 'Trust And Love' Must Be Rebuilt, Says Chief Impact Officer Image Via Shutterstock Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Palantir assigned Street-high targets by Wedbush and BofA By Investing.com

Investing.com -- Palantir Technologies received bullish endorsements from Wedbush and Bank of America (NYSE:BAC) on Monday, with both assigning the company a Street-high $75 price target, citing the transformative potential of its AI-driven software and expanding market opportunities. Wedbush raised its price target for Palantir (NYSE:PLTR) from $57 to $75, maintaining an Outperform rating on the stock. They highlighted the company's role in the ongoing AI revolution. Wedbush analysts described Palantir as the "Messi of AI growth," forecasting unprecedented demand for its AIP (Artificial Intelligence Platform) as more enterprises adopt AI use cases. They also noted Palantir's strategic positioning in the "enterprise consumption phase" of generative AI starting in 2025. The firm emphasized the broad applicability of Palantir's software suite, projecting strong growth over the next 12-18 months. Bank of America echoed this sentiment, raising its price objective from $55 to $75. The firm likened Palantir's leadership to historical moments of industrial transformation. Analysts pointed to Palantir's pivotal role in digitizing industries and enhancing operational efficiency, dubbing its software "war-winning." BofA increased its growth projections for Palantir's government and commercial segments, noting a shift in corporate priorities toward software-driven margin expansion over traditional scaling methods. The bank also highlighted potential catalysts for Palantir, including eligibility for the NASDAQ 100 Index, which could spur further investor interest. However, the analysts, who have a Buy rating on the stock, flagged a $120 million stock-based compensation expense triggered by the company's recent stock price surge, which could weigh on GAAP net income in the short term. Both firms underlined Palantir's expanding competitive moat and long-term growth potential in government and commercial markets, positioning it as a leader in the rapidly evolving AI and software landscape.

Palantir Surges In Monday Pre-Market As Top Tech Bull Raises Price Target To $75 Ahead Of Nasdaq Listing - The Campbell's (NASDAQ:CPB), Palantir Technologies (NYSE:PLTR)

Palantir Technologies Inc. PLTR experienced a 3.25% increase in pre-market trading on Monday, as per Benzinga Pro. This rise follows the company's recent announcement of its transition from the NYSE to the Nasdaq, with trading set to begin on Nov. 26. Palantir's stock will continue under the ticker "PLTR." The move to Nasdaq is part of a broader trend, as the exchange has attracted 16 significant companies this year, including Science Applications International Corp SAIC and Campbell Soup Company CPB. While Palantir has not confirmed any plans to join the Nasdaq-100, the potential inclusion could enhance its visibility and attract investor interest. Historically, companies switching to Nasdaq have often joined this prestigious index, which could lead to increased demand for Palantir shares. See Also: Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments Why It Matters: The transition of Palantir Technologies Inc. to the Nasdaq comes amid a significant surge in its stock value, which has increased by 288% year-to-date. This remarkable growth is partly attributed to the company's strategic focus on artificial intelligence. Dan Ives has raised Palantir's price target to $75, reflecting confidence in the AI software sector's potential. Ives predicts that 2025 will be a pivotal year for AI implementation, further boosting the software sector's growth. This optimistic outlook aligns with Palantir's ongoing efforts to enhance its AI capabilities, positioning the company to capitalize on the anticipated AI revolution. Read Next: Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: 'Prospects Of Tariffs Not Good For Equities' Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. Image via Shutterstock Market News and Data brought to you by Benzinga APIs