Wedbush Raises Palantir (PLTR) Price Target, Keeps Outperform Rating

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 12 Best Performing AI Stocks So Far in 2025. On July 10, Wedbush increased its price target for Palantir Technologies Inc. (NASDAQ:PLTR) from $140 to $160 while keeping an Outperform rating.

According to Wedbush, the company has a “golden path to become the next Oracle (ORCL)” in the coming years. The research firm believes that Palantir Technologies Inc. (NASDAQ:PLTR) is positioned as a core winner in the trillions of AI spending anticipated over the next few years.

The firm pointed out that the company’s AI platform strategy is turning into a foundational platform for enterprises implementing AI use cases in different sectors. Wedbush noted that new and existing customers are “waiting in line” to sign up for different aspects of Palantir Technologies Inc.’s (NASDAQ:PLTR) technology stack.

Additionally, Wedbush believes that the market does not fully see the company’s potential to generate over $1 billion in revenue over the next few years through its AI platform US commercial business.

Palantir Technologies Inc. (NASDAQ:PLTR) is an American software and AI company that specializes in big data analytics. It serves key government and commercial enterprises.

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.

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Disclosure: None. This article is originally published at Insider Monkey.