PLTR - Dan Ives Ups Palantir Price Target Citing AI Growth Potential: 'Messi Of AI Thesis' | Benzinga
Dan Ives of Wedbush Securities has increased his price target for Palantir Technologies Inc. (NYSE:PLTR), signaling strong prospects in AI applications.
What Happened: On Friday, Ives announced a bullish adjustment to his price target for Palantir, raising it from $30 to $35. Ives cited recent field checks that suggest the company’s AI and data analytics platform is becoming essential for U.S. enterprises. He likened Palantir’s AI platform to soccer star Lionel Messi, referring to it as the “Messi of AI thesis.”
In a note shared by Wedbush, the analysts led by Ives also expressed that Palantir is an “undiscovered gem” in the AI revolution.
“With a strong product portfolio coupled with AI, we expect PLTR to garner a meaningful share of what we believe to be a $1 trillion AI Global TAM as enterprise and government ecosystems rush to implement useful platforms for automating complex workflows,” the note read.
Palantir’s stock saw a modest rise in premarket trading by 1.66% at $26.90.
Raising our price target on Palantir from $30 to $35. Our recent checks on Palantir in the field have ...