"Palantir: The AI Gem Set to Surge 80% with Bullish Revenue Outlook"
TL;DR Summary
Wedbush Securities predicts that Palantir's stock could surge 80% in the next year due to its AI developments, raising its target to $30 following a strong earnings report where the company's revenue increased by 20%. Palantir is seen as a top pick to gain exposure to the AI revolution, with its AI platform gaining momentum among customers. The company anticipates US commercial revenue to surpass $640 million in 2024, reflecting growth of at least 40%, and is considered an "undiscovered gem" in the AI space.
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