Wedbush Reiterates Outperform Rating on Palantir
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: Fool
- Stock Surge: Palantir Technologies' stock jumped 5% to $158.68 by 9:45 a.m. ET on Monday, reflecting investor confidence in its future growth, particularly after Wedbush analyst Dan Ives reiterated his outperform rating.
- Price Target Forecast: Ives predicts Palantir's stock will reach $230 within a year, indicating a potential 45% profit for investors from the current price, showcasing market optimism about its growth potential.
- Contract Growth Potential: Palantir focuses on providing AI IT services to various government agencies, including the Department of Defense and the CDC, with Ives believing the company can secure more contracts in high-priority federal projects for accelerated growth.
- Profitability Analysis: Despite a 23% decline in stock price since November, Palantir is still up 56% over the past 52 weeks, with analysts forecasting a 47% annual earnings growth over the next five years, indicating strong growth potential in the AI sector.
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Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 132.510
Low
50.00
Averages
192.88
High
255.00
Current: 132.510
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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