Palantir price target raised to $200 from $160 at Wedbush

Wedbush analyst Daniel Ives raised the firm’s price target on Palantir (PLTR) to $200 from $160 and keeps an Outperform rating on the shares. The firm cites continued hyper growth demand for the company’s AI product suite with the use case era of the AI Revolution now here. Wedbush says that this was another “eye-popping quarter for the Messi of AI” as AIP continues gaining unprecedented interest across the commercial landscape with U.S. Commercial front and center seeing 93% year-over-year growth with more enterprises looking to Palantir for complex AI use cases. The firm believes in the next few years Palantir has the potential to be a trillion-dollar market cap as the AI Revolution takes hold.