15 AI Stocks to Watch: News and Analyst Ratings

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13. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NYSE:PLTR) builds agile solutions for data-driven operations and decision-making. Its Artificial Intelligence Platform, AIP, has transformed its business, which is used to test, debug code, and evaluate AI-related scenarios.

On November 25, Wedbush analyst Daniel Ives raised the firm’s price target on Palantir Technologies Inc. (NYSE:PLTR) to $75 from $57 and kept an “Outperform” rating on the shares. The analyst told investors in a research note that it’s time for the broader software space to “get in on the AI party”. Anticipating a surge in use cases, it also anticipates that the enterprise consumption phase will begin in 2025 with the launch of large language models across the board. The firm states that the true adoption of generative AI will be a major catalyst for the software sector.

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