Palantir: Wedbush maintains its opinion on the stock
(CercleFinance.com) - Wedbush Securities envisages a share price of $50 by 2025 in a bull case scenario.
The American broker - who describes the predictive analytics specialist as the "Lionel Messi of AI" - believes that the Denver-based group is well placed to take advantage of a market that it evaluates at some $1,000 billion.
"Each platform in Palantir's portfolio addresses specific needs and capabilities, all of which aim to offer AI and machine learning tools dedicated to data analysis, collaborative tasks and operational optimization within different sectors", explains the broker.
Wedbush - which maintains its 'outperform' rating and $35 price target on the stock - believes that these growth drivers are still poorly understood by the market, even though the stock has climbed 64% this year, compared with a 15% gain for the software sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The American broker - who describes the predictive analytics specialist as the "Lionel Messi of AI" - believes that the Denver-based group is well placed to take advantage of a market that it evaluates at some $1,000 billion.
"Each platform in Palantir's portfolio addresses specific needs and capabilities, all of which aim to offer AI and machine learning tools dedicated to data analysis, collaborative tasks and operational optimization within different sectors", explains the broker.
Wedbush - which maintains its 'outperform' rating and $35 price target on the stock - believes that these growth drivers are still poorly understood by the market, even though the stock has climbed 64% this year, compared with a 15% gain for the software sector.
Copyright (c) 2024 CercleFinance.com. All rights reserved.