(CercleFinance.com) – Palantir continued its surge on the stock market on Friday in New York, Wedbush having once again raised its price target on the specialist in predictive analysis, which it perceives as a big winner from the development of AI.
In a research note, the American broker says it is still more optimistic about ‘AIP’, the American group’s AI platform, and the favorable reception it receives from clients, a success illustrated according to it by the craze that characterized the AIPCon conference which took place this week.
In this context, its price target increases from 30 to 35 dollars, with an opinion maintained at ‘outperform’.
Wedbush – who says he considers Palantir the ‘Lionel Messi of AI – praises the company’s strong portfolio, which he says is expected to capture a good share of an AI market he estimates to be around $1 trillion of dollars.
According to the broker, Palantir’s solutions should indeed help companies and public administrations implement efficient platforms in order to automate their most complex workloads.
The Denver group won a $178 million contract this week from the US Army as part of the ‘Titan’ project intended to automate the detection and geolocation of targets.
Around 11:00 a.m., the stock gained 1.2%, after gaining up to 3% at the start of the session, compared to a gain of 0.4% for the S&P 500. Since January 1, the stock has jumped by more than 55%.
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