Palantir Technologies (NYSE: PLTR) has been among the early beneficiaries of the accelerating adoption of artificial intelligence (AI) — and with good reason. The company’s AI solutions have been gaining traction with enterprise and government customers, fueling strong sales and profit growth. In another telling sign, Palantir recently joined the S&P 500, sending the stock 25% higher in the roughly two weeks since the announcement was made.
One Wall Street analyst believes this is just the beginning.
Next stop: $100?
In an interview on Fox News, Greentech Research analyst Hilary Kramer said that among AI stocks, “Palantir is my absolute 100% favorite,” noting the company is a “true artificial intelligence company,” analyzing data to provide businesses with “actionable decision-making.”
The analyst goes on to note that many of her colleagues continue to underestimate Palantir. Given the…
