William Blair Rates Palantir Technologies Inc. (PLTR) as 'Market Perform' as Growth Gathers Pace

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best tech stocks to buy for the long term. On September 4, analysts at William Blair reiterated a ‘Market Perform’ rating on the stock. The positive stance comes as the research firm remains confident about underlying growth.

William Blair expects Palantir to deliver a 103% growth in its commercial business for the September quarter. It expects the growth momentum to continue as OpenAI is not negatively impacting it. The fact that the company has already secured contracts in the September quarter underscores strong demand with larger programs in the pipeline.

Palantir is hosting its eighth AIPCon event, showcasing applications in the hands of over 70 US customers, which affirm its competitive edge and strong demand. In recent years, it has inked a deal for the integration of Foundry and an Artificial Intelligence Platform across Lumen Technologies’ operations.

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms for human-driven analysis of complex data. Its technology enables users to integrate and analyze vast datasets from various sources, gaining actionable insights that are utilized in diverse applications.

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.