Wedbush analysts doubled down on their optimism for Palantir Technologies (NASDAQ: PLTR) on Thursday, keeping an Outperform rating and a $120.00 price target. This lands squarely within the wide range of analyst predictions, which stretch from a pessimistic $18 to an optimistic $141. The firm sees Palantir as a standout leader in the AI Revolution, thanks to its cutting-edge AI Product (AIP) offerings.
In a fresh report, Wedbush painted Palantir as a strategic mastermind in the AI Arms Race, likening its approach to a chess grandmaster while rivals fumble with checkers. The analysts pointed to Palantir’s strong momentum in both federal and commercial sectors, where its full portfolio continues to gain ground. The company’s revenue surged 28.79%—a clear sign of its robust growth.
In addition, the firm’s analysts shrugged off recent market dips, viewing them as a prime buying opportunity for investors. The company’s market cap currently sits at $250.2 billion, with an eye-popping 378.89% return over the past year.
InvestingPro analysis flags the stock as overvalued at its current price, but Wedbush remains undeterred. The firm boldly predicts Palantir (NASDAQ: PLTR) could climb to a trillion-dollar valuation in the coming years, drawing parallels to tech titans like Oracle (NYSE: ORCL) and Salesforce (NYSE: CRM).
Analysts dismissed current market concerns, focusing on Palantir’s AI-driven momentum. Wedbush named the company a top investment pick for 2025, betting big on its future in artificial intelligence.
