Phillip Securities Highlight 25%+ AI Software Growth Driving Palantir Technologies Inc. (PLTR) Upside

We recently compiled a list of 10 High Growth Technology Stocks That Are Profitable. Palantir Technologies Inc. is placed second on our list.

TheFly reported on January 22 that Phillip Securities initiated coverage of PLTR  with a Buy rating and a $208 price target. The firm highlighted the company’s modest penetration of its total addressable market and noted that its AI software growth is exceeding 25% annually, which could drive substantial upside as the addressable market continues to expand.

Furthermore, Innodata (INOD) declared on January 29 that it will offer Palantir Technologies Inc. (NASDAQ:PLTR) with high-quality training data and data engineering services to enhance PLTR’s AI-powered rodeo analysis platforms. In order to enable computer vision models to recognize animals, riders, and skeleton joints and produce automated performance measures for bull riding, bronc riding, bareback riding, and barrel racing, Innodata will handle annotation and multimodal data processing for thousands of hours of rodeo film.

Palantir Technologies Inc. (NASDAQ:PLTR) builds software platforms like Gotham and Foundry that help governments and businesses integrate, analyze, and act on large datasets using AI and machine learning, supporting sectors from defense to healthcare, finance, and automotive.

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.