20 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. Wedbush analyst Daniel Ives raised the price target on the stock to $45 from $38 and kept an Outperform rating on the shares. In an investor note, Ives underlined that Wedbush was more bullish on Palantir going forward as recent channel checks indicated incrementally more enterprises were strategically discussing how the company’s Artificial Intelligence Platform would be deployed in their enterprise during 2025.

Per Ives, the increased price target reflected higher confidence in Palantir’s enterprise-driven artificial intelligence strategy, which Wedbush viewed as a clear game changer for Palantir Technologies Inc. (NYSE:PLTR) story as the use cases of AI start to take hold over the next 12 to 18 months. The company was in a prime spot to continue expanding its pipeline/deal flow while providing more use cases coming forward to address critical problems across industries, contended Ives.

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