Dan Ives Raises Palantir Price Target, Sees 24% Upside On 'Hyper Growth Demand'

Wedbush analyst Dan Ives raised his price target on Palantir to $200, citing "hyper growth demand" and rapid commercial expansion. In a post on X, Ives called Palantir a key player in the "use case era of the AI Revolution" with a unique position in enterprise AI. At the current stock price of $160.66, the stock is expected to rise 24.49%, as per Ives. The company’s Q2 earnings reflected a 35% year-over-year rise in commercial revenue, driven by growing adoption of its Foundry and AIP platforms. CEO Alex Karp credited the company’s success to long-term retail investor support and dismissed critics, saying, “Stop talking to the haters.” Shares climbed 5.94% in Tuesday's pre-market trading session, according to data from Benzinga Pro.