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Palantir Technologies (NASDAQ:PLTR) rose about 2% in premarket trading Monday as Wedbush expressed optimism ahead of the company’s third-quarter results due after the closing bell.
Wedbush Highlights Palantir’s AI Leadership
Wedbush analyst Dan Ives reiterated his Outperform rating on Palantir, citing the company’s expanding presence across both government and commercial markets. Ives noted that Palantir’s Foundry and Artificial Intelligence Platform (AIP) are driving a new wave of enterprise adoption.
“Palantir is emerging as one of the most transformative AI companies globally,” Ives wrote, emphasizing its leading position in AI-driven data analytics.
Wedbush increased its price target to $230 from $200 and kept an Outperform rating on the stock.
The brokerage, led by analyst Daniel Ives, said it expects Palantir’s guidance and results to show continued progress as the company expands its artificial intelligence offerings across commercial and government customers.
The analysts said the Wall Street revenue estimate of about $1.09 billion appears achievable, with Palantir’s Artificial Intelligence Platform, known as AIP, remaining a key driver of adoption and customer spending.
If momentum continues, Wedbush thinks Palantir could blast toward a trillion-dollar valuation as AI spending surges.
Wedbush also pointed to strong demand signals for AIP across industries, with faster sales cycles and more customers moving from pilot testing to broader deployments.
AI Platform and Government Ties Fuel Growth
Palantir’s AIP platform continues to attract corporate clients seeking powerful AI-based decision tools. Meanwhile, its long-standing partnerships with U.S. defense and intelligence agencies provide consistent, high-margin revenue streams that support sustained growth.
The company’s focus on integrating AI into real-world operations — from defense systems to healthcare and manufacturing — positions it as a key player in the expanding AI ecosystem.
The firm added that increased U.S. government spending on AI initiatives under the current administration could support growth within Palantir’s public sector business.
Investors Eye Upcoming Earnings Results
Palantir stock has surged more than X% over the past year, reflecting growing investor confidence in its profitability and AI strategy. With its next earnings report on the horizon, analysts expect continued revenue growth and margin expansion.
If Palantir delivers strong results, it could further cement its place among the top AI innovators — bringing it one step closer to Wedbush’s trillion-dollar forecast.
Investors will watch whether the company provides further visibility on commercial momentum and expanding use cases when it reports results later today.
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