10 AI Stocks Investors are Watching Closely

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On January 23rd, analyst Daniel Ives of Wedbush maintained a “Buy” rating on Palantir Technologies and raised the price target from $75 to $90. The buy rating is anticipated to play a positive role in Palantir’s growth trajectory up to 2025. The success of its AI strategy is exemplified by its strong return over the past year, around 343%. The firm is optimistic that the company’s strategic positioning in the AI sector is going to make it a big player as demand for AI soars, emulating the success of companies such as Oracle or Salesforce. Additionally, Ives also noted a major opportunity for Palantir’s Artificial Intelligence Platform, also known as AIP. He said that there is a strong potential for revenue growth in both commercial and federal markets. The firm also noted that the market is yet to realize the company’s ability to deliver valuable AI-driven solutions across various industries. In addition, with Palantir’s engagement with the US government and its increasing federal AI investments, the company is favorably positioned to benefit from government spending initiatives that are particularly focused on AI infrastructure development.