Wedbush Securities on Monday maintained its 'outperform' rating and $35 price target on Palantir ahead of the release of the US predictive analytics specialist's first-quarter results this evening.
From the analyst's point of view, investor attention will focus on contract wins for the new artificial intelligence platform (AIP), sales momentum with US companies and the prospect of the next big contracts.
According to Wedbush, a real highway is opening up for Palantir, which he believes is well positioned to take advantage of the wave of technology investments planned by companies over the 2024/2025 period.
Thanks to its solid portfolio of AI-enhanced products, the group should carve out a significant share of the $1,000 billion market for helping companies and public administrations automate their most complex workloads.
The intermediary believes that the share price's evolution will depend heavily on the trajectory of its US enterprise activities, for which it expects growth of at least 40% this year.
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Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. It 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 (LLMs) and other AI within any organization.
PALANTIR TECHNOLOGIES INC. 
