Well-Known Analyst Is Upbeat on Recent Deal by Palantir (PLTR)

Larry Ramer

Mon, Apr 14, 2025, 9:56 AM 2 min read

After Palantir (PLTR) announced connected March 25 that it had made a woody to supply NATO with an AI strategy meant to boost the alliance's warring prowess, Wedbush's Dan Ives believes that the quality is meaningfully affirmative for PLTR stock.

The salient expert kept a $120 terms people and an Outperform standing connected the shares.

Why Ives Is Excited About the Deal

The expert thinks that the agreement, which volition heighten NATO's information management, quality usage, and determination making, is simply a large accomplishment for the company, arsenic it suggests that the steadfast continues to beryllium viewed positively by Washington. In particular, PLTR's prowess successful AI continues to beryllium appreciated by the U.S. government, according to Ives.

Moreover, PLTR is executing good and is apt to payment from beardown request for assistance successful implementing AI systems, the expert contended.

Indeed, Ives expects PLTR to get a important assistance from "a tidal wave" of national expenditures connected AI.

The Recent Price Action of PLTR Stock

In the past month, the shares person climbed 6%, portion they person surged 43% successful the past 3 months and 323% successful the past 12 months.

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