Wedbush Raises Palantir Price Target to $160 on $1B AI Opportunity

Wedbush analyst Dan Ives raised Palantir Technologies' 12-month price target to $160 from $140, maintaining an 'Outperform' rating based on accelerating demand for its Artificial Intelligence Platform (AIP) across commercial and government sectors. He described Palantir as the 'Messi of AI' and sees it on a 'golden path to become the next Oracle,' highlighting strong customer adoption, rapid sales cycles driven by AI bootcamps, and significant growth potential in the U.S. commercial AI market, which could exceed $1 billion in revenue in the coming years. Wedbush also noted Palantir's expanding federal contracts under the Trump administration, including AI investments such as Project Stargate and a recent NATO deal, positioning the company to benefit from a wave of AI spending in North America, Europe, and the Middle East. Palantir's stock has surged over 85% year-to-date, reflecting investor enthusiasm for its leadership in the AI revolution and its competitive edge in deploying AI-driven solutions at enterprise scale. Ives emphasized that the market currently underestimates Palantir's revenue potential and sees the company as a core winner amid the anticipated trillions of dollars in AI spending worldwide.