Wedbush Sees Trillion-Dollar Future for Palantir (PLTR) Amid AI Boom

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Trending AI Stocks on Wall Street.  On August 5, Wedbush analyst Dan Ives raised the price target on the stock to $200.00 (from $160.00) while maintaining an Outperform rating.

The company raised its full-year 2025 revenue guidance, projecting growth for its US commercial business due to strong adoption of its Artificial Intelligence platform among enterprise and federal customers.

Analysts led by Ives particularly cited continued hyper growth demand for Palantir’s AI product suite behind the rating affirmation and price target raise.

“We maintain our OUTPERFORM rating on PLTR while raising our price target from $160 to $200 reflecting continued hyper growth demand for the company’s AI product suite with the use case era of the AI Revolution now here. This was another eye-popping quarter for the Messi of AI as AIP continues gaining unprecedented interest across the commercial landscape with US Commercial front and center seeing 93% y/y growth with more enterprises looking to PLTR for complex AI use cases.”

The firm believes Palantir has the potential to be a trillion dollar market cap as the artificial intelligence revolutions gains ground.

“We believe Palantir has a “golden path to become the next Oracle” over the coming years and will grow into its valuation.”

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

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Disclosure: None.