Palantir stock goal raised at Wedbush, new | Inventory Information
Investing.com — Wedbush Securities raised its price goal for Palantir Applied sciences (NASDAQ:) to $90 per share in a be aware Thursday, representing a new Avenue high. The firm maintained an Outperform score on the stock.
“We are raising our price target on Palantir from $75 to $90 as our recent checks and growing confidence in the company’s AI strategy is key to the bull thesis on Palantir for 2025,” the firm acknowledged.
Wedbush believes Palantir has the potential to turn out to be a dominant power within the AI market, akin to industry giants like Oracle (NYSE:) and Salesforce (NYSE:).
“We believe Palantir has a path to become the next Oracle or Salesforce over the coming years,” the be aware reads. “We see the Messi of AI as a core winner in the trillions of AI spend over the next few years.”
The firm highlighted the growing traction of Palantir’s Synthetic Intelligence Platform (AIP), notably within each the industrial and authorities sectors.
Wedbush mentioned they imagine boot camp deal conversions would be the key theme for Palantir into the subsequent few quarters, with “the Street still underestimating core AIP growth in our view.”
“We are hearing from customers that bootcamps are providing unmatched value and AI insight leading to very quick sales cycles and shortening conversion timelines to deploy products, optimize workflows, and form use cases,” wrote Wedbush.
“AIP Generating More Traction with Improved AI Stack. PLTR continues to see unprecedented demand for AIP based on our recent checks across both commercial and government landscapes,” the firm added.
The firm additionally emphasised the potential tailwinds for Palantir from the present administration. They imagine the Trump Administration represents an extra tailwind for PLTR, noting AI initiatives within the US authorities, together with the DoD accelerating as AI stays a strategic deal with the federal entrance.
The firm acknowledged a one-time affect of $120 million in stock-based compensation expense within the fourth quarter however emphasised that this can have no affect on professional forma earnings or money flows.
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