Palantir in "Sweet Spot" for Federal AI Spending. These Analysts Are Bullish on the Stock
Palantir Technologies could become a "core winner" in the trillions of artificial-intelligence spending over the next few years, Wedbush analysts said as they raised their price target on shares of the software company.Palantir stock was up 1.8% on Thursday. Analysts led by Dan Ives maintained an Outperform rating and raised their price target to $90 from $75, suggesting a potential 19% upside.While the valuation is expensive today, Palantir "has a path to become the next Oracle or Salesforce ov