Wedbush Analyst Daniel Ives Raises Palantir Price Target to Street-High $230 Ahead of Q3 Earnings
Palantir Technologies (PLTR) shares gained over 2% in pre-market trading after Wedbush's Daniel Ives lifted his price target to a Wall Street-high $230. The bullish call comes ahead of the company's Q3 earnings release on November 3, with Ives maintaining his 'Buy' rating and citing Palantir's 'trillion-dollar potential' through its Artificial Intelligence Platform.
Ranked #323 among 10,109 analysts on TipRanks, Ives boasts a 56% success rate and 16.7% average return per rating. He anticipates Palantir's earnings will mark a milestone in its AI expansion, projecting trillion-dollar market cap potential within 2-3 years as commercial operations scale.