Palantir's (PLTR) Execution Called "Stunning" - Is a Fifth Quarter of Growth Coming?

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Trending AI Stocks in Focus This Week. On July 16, Mizuho upgraded the stock to “Neutral” from Underperform with a price target of $135, up from $116. The firm said Palantir is well-positioned for growth.

In particular, the company’s recent momentum and execution have been hailed as “stunning”, which includes material upward estimate revisions across the company’s commercial and government segments. The firm admitted that it had been underestimating these segments.

“PLTR’s recent execution and momentum is stunning, including material upward revisions across its commercial and government segments that we very much underestimated. We also believe PLTR has a legitimate chance to accelerate revenue growth for a 5th consecutive quarter when reporting 2Q results in early August.”

While company shares “could suddenly be subject to material multiple reversion at some point,” its “uniqueness demands a great deal of credit.” The firm is optimistic that Palantir is poised to benefit from long-term trends in artificial intelligence.

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Trending AI Stocks on Wall Street and 10 Must-Watch AI Stocks on Wall Street.

Disclosure: None.