Amid rising investor demand for Artificial Intelligence (AI) stocks, Wedbush analyst Daniel Ives has maintained a bullish stance on Palantir Technologies Inc. (NASDAQ: PLTR).
On June 24, Ives reiterated a ‘Buy’ rating on Palantir stock and set a 12-month price target of about $230. As such, he suggests that Palantir stock could surge by 98.72% in the near future, given that PLTR shares traded around $115.74 at press time.
This optimism stems from Palantir Technologies’ deepening footprint in enterprise AI. Ives further noted that the bullish outlook for PLTR stock is further reinforced by the company’s strategic partnership with Zeta Global Holdings Corp. (NYSE: ZETA), which is projected to generate more than $100 million in revenue for Zeta over multiple years.
Ives emphasized that the broader market may still not fully appreciate the value Palantir brings to the table. According to the analyst, this partnership underscores Palantir’s position at the forefront of the enterprise AI buildout by enabling the seamless connection between operational and customer intelligence in the emerging world of agentic AI.
This view is echoed by Palantir CEO Alex Karp. He recently noted that enterprise customers are increasingly “unhappy” with frontier AI labs, which he says focus primarily on “tokenmaxxing” rather than solving real business problems. The Palantir CEO added that virtually every enterprise Palantir works with privately expresses frustration with the labs’ lack of understanding of their operations.
Palantir stock price forecast and outlook
Following Ives’ bullish stance on Palantir stock, the average Wall Street PLTR price target at the time of publication was $185.35, according to TipRanks’ data.
On Wednesday, Palantir stock price traded around $115.74, down over 31% year-to-date (YTD).
As such, PLTR stock price could rebound in the near future, bolstered by bullish sentiment from Wall Street analysts and strong fundamentals.
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