Palantir Bull Says AI Platform Will Be Valuation Changer Heading Into 2025, Calls For Incremental 20% Upside For Stock
Portfolio Pulse from Shanthi Rexaline
Palantir Technologies (NYSE:PLTR) is expected to see a 20% stock price increase due to its AI platform, AIP, which is gaining traction among enterprises. Analyst Daniel Ives from Wedbush has raised the price target from $38 to $45, citing increased demand for Palantir's AI solutions and its strategic importance for enterprises.
September 26, 2024 | 7:17 am
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Palantir Technologies is expected to see a 20% upside in its stock price as its AI platform, AIP, gains traction among enterprises. Analyst Daniel Ives from Wedbush has raised the price target from $38 to $45, citing increased demand for Palantir's AI solutions and its strategic importance for enterprises.
The analyst's positive outlook and increased price target are based on the growing demand for Palantir's AI platform, AIP, which is seen as a strategic differentiator for enterprises. This is expected to drive significant growth in the U.S. commercial business over the next 12 to 18 months, leading to a potential 20% increase in stock price.
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