Wedbush’s top analyst Daniel Ives praised Palantir Technologies’ (PLTR) third-quarter results as a major validation for the big data analytics company. On his X account, Ives called it “The Messi of AI” delivering another masterpiece quarter, with Palantir’s U.S. commercial business as the key growth driver. Palantir’s sales rose 63% year-over-year to $1.18 billion, beating the consensus of $1.09 billion. Also, earnings of $0.21 per share jumped 110% and surpassed the consensus of $0.17 per share.
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Ives is a five-star analyst on TipRanks, ranking #323 out of 10,109 analysts tracked. He has a 56% success rate and an impressive average return per rating of 16.70%.
U.S. Commercial Business Fuels Growth
Ives highlighted the stellar growth in Palantir’s U.S. Commercial business, which contributed $397 million of the total $883 million in U.S. revenues. The company reported approximately $3.63 billion in remaining U.S. Commercial deal value, a 342% year-over-year increase. Ives believes that even $2.55 billion in this segment could help Palantir reach a $1 trillion market capitalization.
Ahead of the Q3 earnings release on November 3, Ives had raised his price target on PLTR from $200 to a new Street-high of $230, implying 11% upside potential. Ives, a long-time supporter of the company, still believes in Palantir’s growth, saying its Artificial Intelligence Platform (AIP) gives it a “trillion-dollar potential.”
Good Opportunity Despite Valuation Concerns
Ives attributed the healthy results to strong AI demand and accelerating growth path for the coming years. He added that if investors see any weakness, believing the best is already priced in, it’s a good opportunity to buy the stock.
Despite the solid beat-and-raise results, Palantir shares declined 7.1% in pre-market trading amid concerns over its high valuation. The stock has surged nearly 174% in 2025.
Is PLTR Stock a Good Buy?
Not all analysts share Ives’ enthusiasm for Palantir. On TipRanks, PLTR stock has a Hold consensus rating based on four Buys, 13 Holds, and two Sell ratings. The average Palantir price target of $154.88 implies 25.2% downside potential from current levels.
