Palantir price target raised to $160 from $140 at Wedbush

Wedbush raised the firm’s price target on Palantir (PLTR) to $160 from $140 and keeps an Outperform rating on the shares as the firm’s recent checks and growing confidence in the company’s AI strategy is key to the bull thesis on Palantir playing out for the next 12 to 18 months. Wedbush believes Palantir has a “golden path to become the next Oracle” over the coming years and while the valuation is expensive today, the firm sees “the Messi of AI” as a core winner in the trillions of AI spend over the next few years. Palantir remains one of its top names to own in the “IVES AI 30” as its game-changing AIP strategy is quickly becoming a key foundational platform for enterprises heading down the AI use case path across verticals.