12 Most Buzzing Stocks to Buy According to Hedge Funds

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7. Palantir Technologies Inc. (NASDAQ:PLTR)

Volume:  40.6 Million

Average Volume (3-Month): 83.8 Million

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that specializes in software platforms for big data analytics. Earlier in December 2024, the company expanded its Army Vantage partnership with a $618.9 million contract, improving the way missions are performed using data and AI. Similarly, in an interesting update, on the same day, the company announced a partnership with Pray.com on AI applications for faith-backed non-profits. A week before this, Palantir Technologies Inc. (NASDAQ:PLTR) announced a strategic partnership with Anduril to facilitate the flow of national security using AI capabilities.

On January 23, Daniel Ives, an analyst at Wedbush, maintained a buy rating on Palantir Technologies Inc. (NASDAQ:PLTR), increasing its price target to $90. The analyst gave a buy rating based on the company’s crucial role in its AI capabilities and its AI growth strategy leading up to 2025. The analyst expects PLTR to throne as a leading player in the AI software industry due to its strategic position and advancements over the months. Ives emphasized PLTR’s communication and partnership with the US government and mission-critical use cases. Over the past six months, the stock has grown by a whopping 214%.

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