Palantir price target raised by $7 at Wedbush, here's why - InvestingChannel

Palantir price target raised by $7 at Wedbush, here’s why

Wedbush analyst Daniel Ives raised the firm’s price target on Palantir Technologies to $45 from $38 and keeps an Outperform rating on the shares. The firm is “more bullish” on Palantir going forward, saying its recent channel checks indicate incrementally more enterprises are strategically discussing how the company’s Artificial Intelligence Platform will be deployed in their enterprise during 2025. The increased price target reflects higher confidence in Palantir’s enterprise-driven artificial intelligence strategy, the analyst tells investors in a research note. Wedbush views this as a clear “game changer” for the Palantir story as the use cases of AI start to take hold over the next 12 to 18 months. The company is “in a prime spot to continue expanding its pipeline/deal flow while providing more use cases coming forward to address critical problems across industries,” contends Wedbush.

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