Palantir Technologies (PLTR) will report its fiscal Q3 2025 results on November 3, and top Wedbush analyst Dan Ives expects another strong quarter. He believes demand for Palantir’s Artificial Intelligence Platform (AIP) is still rising quickly across both commercial and government markets.
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Ives said Palantir has a “golden path” ahead and could become the next Oracle (ORCL) over the coming years. He noted that Palantir is improving its products, adding top talent, and expanding worldwide, strengthening its position as a major player in the AI space.
Analyst Highlights Growing AIP Demand
The 5-star analyst said Palantir remains “at the forefront of the AI race” as more companies and government agencies adopt its AIP tools. He noted that demand is strong because the platform helps users apply AI to make quicker and better decisions.
Based on Wedbush’s research, Ives said AIP is helping Palantir win new clients and expand deals with current ones. He believes Wall Street’s forecasts for Q3 are too low and that Palantir could beat expectations as its commercial business keeps growing.
Partnerships Strengthen Palantir’s AI Reach
Ives pointed to Palantir’s new partnerships as key growth drivers. The company’s deal with Snowflake (SNOW) connects Snowflake’s AI Data Cloud with Palantir’s Foundry and AIP platforms, allowing customers to build AI models faster and more securely.
Palantir also announced a new partnership with Nvidia (NVDA) to bring Nvidia’s Blackwell architecture into its AIP system. This will help improve AI performance for both enterprise and government clients using Palantir’s software.
Ives said these alliances put Palantir in a strong position to win more enterprise AI deals. He expects U.S. commercial revenue to grow more than 85% in fiscal 2025, supported by steady AIP adoption and rising demand across industries.
Government Deals Boost PLTR’s Federal Strength
Ives has also underlined Palantir’s ongoing strength in government contracts. The company recently expanded its work with the UK Armed Forces through a partnership with Hadean, using Foundry for advanced defense simulations. It also secured a $385 million contract with the U.S. Department of Veterans Affairs and a new defense deal in Poland.
To conclude, Ives believes Palantir could eventually become a trillion-dollar company, with AIP serving as the core of its future growth story in the global AI market.
Is PLTR a Good Stock to Buy Now?
Overall, Wall Street is sidelined on PLTR stock, with a Hold consensus rating based on four Buys, 13 Holds, and two Sell recommendations. The average PLTR stock price target of $158.41 implies 20.32% downside risk from current levels.
