Palantir target raised by Wedbush’s raging tech bull
Wedbush Securities tech analyst Dan Ives, who seems to be everywhere these days, slapped a $160 price target on Palantir on Thursday, matching the highest forecast for the shares among the analysts whose numbers are published by FactSet.
Ives is a long-standing Palantir bull, dismissing valuation concerns and focusing on the potential upside from the company’s AI platform (AIP) software, which helps corporations embed artificial intelligence into their systems.
Palantir — which has little in the way of a traditional sales apparatus — is succeeding with its strategy of capturing clients by running what it calls AIP bootcamps, where it familiarizes potential corporate customers with its software and demonstrates what it can do. Ives wrote:
“We are hearing from many customers that bootcamps are providing unmatched value and AI insight leading to very quick sales cycles and shortening eye popping conversion timelines to deploy products, optimize workflows, and form use cases. PLTR continues to see unprecedented demand for AIP based on our recent checks in the field across both commercial and government landscapes.”
The company’s original business selling data, security, and military software to the US government — which remains its largest single customer — is also thriving under the Trump administration, which it has unusually close political connections with. Palantir cofounder, chairman, and its largest individual shareholder, GOP megadonor Peter Thiel, is a long-standing mentor and financial backer of Vice President JD Vance. And top Trump aide Stephen Miller just disclosed family holdings of the stock.
Perhaps, in part, because of these connections, Palantir is far and away the best performer of the clutch of Trump trades that soared after President Trump won the 2024 election. It’s also the top performer in the S&P 500 in 2025, up more than 90%, and over the last year, as it rose more than 400%.
“We are hearing from many customers that bootcamps are providing unmatched value and AI insight leading to very quick sales cycles and shortening eye popping conversion timelines to deploy products, optimize workflows, and form use cases. PLTR continues to see unprecedented demand for AIP based on our recent checks in the field across both commercial and government landscapes.”
The company’s original business selling data, security, and military software to the US government — which remains its largest single customer — is also thriving under the Trump administration, which it has unusually close political connections with. Palantir cofounder, chairman, and its largest individual shareholder, GOP megadonor Peter Thiel, is a long-standing mentor and financial backer of Vice President JD Vance. And top Trump aide Stephen Miller just disclosed family holdings of the stock.
Perhaps, in part, because of these connections, Palantir is far and away the best performer of the clutch of Trump trades that soared after President Trump won the 2024 election. It’s also the top performer in the S&P 500 in 2025, up more than 90%, and over the last year, as it rose more than 400%.
