Palantir Touted As 'Next Oracle' By Dan Ives: Here Is Why The Wedbush Analyst Called The Company A 'Table Pounder'

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Palantir Touted As 'Next Oracle' By Dan Ives: Here Is Why The Wedbush Analyst Called The Company A 'Table Pounder' - Benzinga

Quick Summary:

Palantir Technologies Inc.(NYSE:PLTR) could emerge as “the next Oracle” in the artificial intelligence revolution, according to Wedbush Securities analyst Dan Ives, who dubbed the data analytics firm “the Messi of AI” despite its stock already surging 395.42% in 2024.

This remarkable run has positioned Palantir well above Wedbush’s $75 price target, though Ives maintains strong conviction in the company’s growth trajectory.“Looking ahead to the next 5-10 years, I believe it’s all about Palantir.

What Happened: The company’s stock, trading at $82.14, has become the S&P 500’s top performer this year, pushing its market capitalization to $183.23 billion.