15 Buzzing AI Stocks Making Headlines

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12. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NYSE:PLTR) is a leading provider of AI systems. On Monday, November 25, BofA analyst Mariana Perez Mora raised the firm’s price target on Palantir Technologies Inc. (NYSE:PLTR) to $75 from $55. According to the firm, Palantir has successfully been able to digitize everything from enterprises and battlespaces to finances and missile production. This has enabled the company to be “the enabler and winner in this new era” where efficiency, innovation, safety, and speed are the most valued assets, the analyst told investors. Palantir is also “poised to dominate”, considering software now makes 17% of US business investments, and since companies are increasingly relying on software and AI to boost profits instead of expanding their physical assets.

“PLTR has demonstrated their ability to digitize enterprises and battlespaces from finances to missile production.”

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