Top 11 Trending AI News And Wall Street Ratings

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5. Palantir Technologies Inc. (NASDAQ:PLTR)

 Number of Hedge Fund Holders: 43

Palantir Technolgies Inc. (NASDAQ:PLTR) is a leading AI software system provider enabling machine-assisted and human-driven data analysis. Its data fusion interfaces, like the Palantir Artificial Intelligence Platform (AIP) and Palantir Foundry improve big data analytics for diverse industries and government agencies.

On February 4th, Morgan Stanley analysts led by Sanjit Singh increased Palantir Technolgies Inc.’s  (NASDAQ:PLTR) target price to $95 from $60 and upgraded the stock to “Equal-weight” from “Underweight.” The brokerage highlighted the AI company’s accelerated growth for six consecutive quarters, which was driven by a steady increase in US commercial contracts and US government contracts. Analysts noted that the company expects Q1 2025 revenue growth north of 30%, much higher than the consensus outlook of mid-20% growth. Despite ultra-premium valuation, Singh explained that their upgrade was based on improving fundamentals and a robust 2025 outlook that could prevent any downside catalysts from materializing.

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