16 Trending AI Stocks on Latest Analyst Ratings and News

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9. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44  

Palantir Technologies Inc. (NYSE:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. The shares have been on an upward trend this year, rising more than 120% year-to-date, comfortably beating the performance of the benchmark S&P 500 by nearly 100%. The second quarter earnings of the firm were strong and showed sustainable growth. This growth is driven by AI-enabled advanced data integration and analytics platforms. These cater to government and commercial sectors. With these platforms, the firm has been gaining traction among enterprise investors, both public and private.

Analysts on Wall Street have noticed the new developments regarding Palantir Technologies Inc. (NYSE:PLTR). Northland recently initiated coverage of the stock with a Market Perform rating and $35 price target, noting that the artificial intelligence operating system of the firm, powered by the Ontology software, had overcome myriad roadblocks to adoption and was igniting AI use across the enterprise landscape.

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