Amid increasing investor demand for artificial intelligence StocksWedbush analyst Daniel Ives maintained a bullish stance on Palantir Technologies Inc. (NASDAQ: Belter).
On June 24, Ives reiterated a “buy” rating on Palantir stock and set a 12-month price target of about $230. As such, it suggests that Palantir stock could rise 98.72% in the near future, given PLTR shares trading at around $115.74 at press time.
This optimism stems from Palantir Technologies’ deep footprint in enterprise AI. Ives also noted that the bullish outlook for PLTR stock is further enhanced by the company’s strategic partnership with Zeta Global Holdings Corp. (NYSE: Zeta), which is expected to generate more than $100 million in revenue for Zeta over several years.
Ives Confirm That the broader market may still not fully appreciate the value that Palantir brings to the table. According to the analyst, this partnership underscores Palantir’s position at the forefront of building enterprise AI by enabling seamless connectivity between operational and customer intelligence in the emerging world of agentic AI.
This sentiment was echoed by Palantir CEO Alex Karp. It is recently male Enterprise clients are becoming increasingly “dissatisfied” with leading AI labs, which he says are primarily focused on “tokenmaxxing” rather than solving real business problems. The Palantir CEO added that nearly every organization that Palantir works with privately expresses frustration with labs’ lack of understanding of their processes.
Palantir stock price predictions and forecasts
Following Ives’ bullish stance on Palantir stock, the average price target for PLTR on Wall Street at press time was $185.35, according to “TipRanks” Data.
On Wednesday, Palantir’s stock price was trading at around $115.74, down more than 31% year-to-date (YTD).
As such, PLTR stock price could rebound in the near future, supported by bullish sentiment from Wall Street analysts and strong fundamentals.
