Palantir Stock Poised for Significant Growth Amid Rising AI Demand, Analysts Predict

Palantir stock has 67% upside amid rapidly rising demand from big businesses for AI tools, Wedbush says | Business Insider India

Palantir Technologies is a top AI play and the stock could rocket to $50 a share next year, according to Wedbush Securities. In a note published on Thursday, analyst Dan Ives said that shares of the data firm could shoot up to $50 each in 2025. A rally of that magnitude would mark 67% upside from Thursday's intraday high of around $29.80. Backing up his bull case for the coming year, Ives noted a big demand for Palantir's AI-drive data and analytics tools from government agencies and private enterprises. "The company has been generating significant demand across both commercial and government organizations with more customers seeing their AI strategies accelerate outside of chat to improve efficiencies and witness operational benefits with PLTR technologies," Ives wrote. Yet, Ives added that Palantir "remains very undervalued and misunderstood by the Street." His optimism around the company comes from strong sales of its AIP Logic platform and customers' tendency to sign on for Palantir's whole suite of tech products, which will only continue as organizations see the need for AI in different areas. Ives also pointed to Palantir's differentiated bootcamp strategy, which walks companies through how to use AI to optimize operations. Within a few days, some organizations are already signing years-long, multi-million dollar contracts, Ives said. He pointed to a utility company that signed a seven-figure deal just days after completing a Palantir bootcamp. In the past three months, users have completed over 500 boot camps. Palantir has also seen outsized success amongst government agencies. The US Army recently signed a $480 million contract to use its Maven data analysis protoype. PLTR is up 64% this year, outpacing the wider software sector's 15% gain. Ives sees Palantir's success only growing as the projected $1 trillion in AI spending by corporations is felt in the market.

Palantir ticks up as Wedbush see better days ahead for AI monetization

Palantir Technologies (NYSE:PLTR) was in focus on Thursday after Wedbush Securities introduced a 2025 bull case scenario for the enterprise software company, citing its continued efforts to monetize artificial intelligence. Shares rose 0.8% in premarket trading. "The company has been generating significant demand across both commercial and government organizations with more customers seeing their AI strategies accelerate outside of chat to improve efficiencies and witness operational benefits with PLTR technologies," analyst Dan Ives wrote in an investor note. Ives maintained his Outperform rating and $35 price target on Palantir and said the new bull case is now $50 per share for 2025. "Over 1,300 bootcamps have been completed including over 500 over the past three months alone, which has been a pillar in the company's growth strategy as these bootcamps point directly to where users can implement this technology and see tangible value in real-time," Ives continued. "With AI spending taking up more spending in IT budgets as more organizations learn how to properly implement this tech, we believe the Messi of AI Palantir is in a prime spot to continue expanding its pipeline as the company provides more use cases." A consensus of analysts expect Palantir to earn $0.08 per share on $652.47M in revenue when it reports second-quarter results. More on Palantir Technologies Palantir: The Model 3 Moment, Bringing AI To The Masses Palantir Leads The Data Revolution But Is Priced For Perfection Palantir: As Tempting As It Is To Sell, Keep Riding This Rally Palantir slips pre-market following ratings downgrade from Mizuho Microsoft, Palantir, others expected to be 'standouts' during earnings: Wedbush

Wedbush says Palantir stock could nearly double from here. Here's how By Investing.com

They cite Palantir's central role in the AI revolution and expanding use cases for its products as key drivers of future growth. Over the past year, the firm notes Palantir has seen significant demand for its enterprise-scale and enterprise-ready generative artificial intelligence solutions across both commercial and government sectors. They state that the company's technology is helping organizations accelerate their AI strategies, improve efficiencies, and achieve operational benefits beyond just chat applications. Wedbush explains that a notable milestone in Palantir's growth strategy has been the completion of over 1,300 bootcamps, with over 500 in the past three months alone, highlighting the practical, real-time value users can derive from their technology. "With AI spending taking up more spending in IT budgets as more organizations learn how to properly implement this tech, we believe the Messi of AI Palantir is in a prime spot to continue expanding its pipeline as the company provides more use cases," wrote Wedbush. Wedbush's comments underscore their belief in the company's prowess and potential in the AI space. The firm maintains its Outperform rating on the stock, with a price target of $35 and a new bull case target of $50 for 2025. Despite already outperforming its peer group -- up approximately 64% year-to-date compared to the software sector's 15% -- Wedbush believes Palantir is still undervalued and misunderstood by the market. They see Palantir as a pivotal player poised to capitalize on the $1 trillion AI spending wave, with more use cases emerging to tackle critical industry problems and enhance data-driven decision-making. Each platform in Palantir's portfolio is designed to offer specific AI and machine learning solutions for data analytics, collaboration, and operational optimization, says Wedbush, adding that it positions the company to continue its impressive growth trajectory. The firm concludes that in the ongoing debate about Palantir's potential, the company remains significantly undervalued and represents a compelling investment opportunity.

Why Palantir Stock Is Rising In Thursday's Premarket - Palantir Technologies (NYSE:PLTR)

Palantir Technologies Inc. PLTR shares rose moderately in Thursday's premarket trading, reversing some of the 1.57% decline seen in the previous session. The rebound came amid a general improvement in risk sentiment toward tech stocks after Wednesday's drubbing. Wedbush analyst Daniel Ives, a Palantir bull, on Thursday announced a new bull-case price target of $50 for the stock. The analyst maintained an Outperform rating and a $35 price target. Palantir has been a major focus over the past year, with expanding use cases for its marquee products leading to a large partner ecosystem, said Ives in the note. He noted that demand has been rising rapidly across both commercial and government organizations. "With AI spending taking up more spending in IT budgets as more organizations learn how to properly implement this tech, we believe the Messi of AI Palantir is in a prime spot to continue expanding its pipeline as the company provides more use cases," he said, adding that the Palantir story "remains very undervalued and misunderstood by the Street." Palantir is scheduled to report its second-quarter results after the market closes on Aug. 5. Analysts, on average, expect the company to report earnings of 8 cents per share, up from the year-ago's 5 cents per share, and revenue of $652.14, representing an estimated 22.4% growth. In premarket trading, Palantir rose 0.57% to $28.38, according to Benzinga Pro data. The stock is up over 64% year-to-date. See Also: Best Artificial Intelligence Stocks Photo via Shutterstock Market News and Data brought to you by Benzinga APIs