Palantir’s AI Dominance: Wedbush Analyst Dan Ives Predicts Trillion-Dollar Valuation Ahead of Q3 Earnings

Wall Street's AI frenzy reaches fever pitch as Wedbush's star analyst drops bombshell prediction.

The AI Gold Rush Heats Up

Dan Ives just placed Palantir squarely in the trillion-dollar club conversation. The timing couldn't be more strategic—right before their Q3 earnings reveal. This isn't just another bullish call; it's a declaration that Palantir's AI capabilities could reshape entire industries.

Numbers Don't Lie

The 'trillion-dollar potential' tag isn't thrown around lightly. Ives sees Palantir's government contracts and commercial expansion creating an unstoppable growth engine. Their Gotham and Foundry platforms are becoming the operating systems for data-driven decision making across sectors.

Earnings Showdown Looms

All eyes turn to Q3 results. Can Palantir deliver the numbers to back up this massive valuation projection? The pressure's on to show concrete AI revenue streams—not just buzzword-friendly presentations.

Meanwhile, traditional finance veterans clutch their pearls while missing the AI revolution. Some things never change on Wall Street.

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Ives said Palantir has a “golden path” ahead and could become the next Oracle (ORCL) over the coming years. He noted that Palantir is improving its products, adding top talent, and expanding worldwide, strengthening its position as a major player in the AI space.

Analyst Highlights Growing AIP Demand

The 5-star analyst said Palantir remains “at the forefront of the AI race” as more companies and government agencies adopt its AIP tools. He noted that demand is strong because the platform helps users apply AI to make quicker and better decisions.

Based on Wedbush’s research, Ives said AIP is helping Palantir win new clients and expand deals with current ones. He believes Wall Street’s forecasts for Q3 are too low and that Palantir could beat expectations as its commercial business keeps growing.

Partnerships Strengthen Palantir’s AI Reach

Ives pointed to Palantir’s new partnerships as key growth drivers. The company’s deal with Snowflake (SNOW) connects Snowflake’s AI Data Cloud with Palantir’s Foundry and AIP platforms, allowing customers to build AI models faster and more securely.

Palantir also announced a new partnership with Nvidia (NVDA) to bring Nvidia’s Blackwell architecture into its AIP system. This will help improve AI performance for both enterprise and government clients using Palantir’s software.

Ives said these alliances put Palantir in a strong position to win more enterprise AI deals. He expects U.S. commercial revenue to grow more than 85% in fiscal 2025, supported by steady AIP adoption and rising demand across industries.

Government Deals Boost Palantir’s Federal Strength

Ives has also underlined Palantir’s ongoing strength in government contracts. The company recently expanded its work with the UK Armed Forces through a partnership with Hadean, using Foundry for advanced defense simulations. It also secured a $385 million contract with the U.S. Department of Veterans Affairs and a new defense deal in Poland.

To conclude, Ives believes Palantir could eventually become a trillion-dollar company, with AIP serving as the Core of its future growth story in the global AI market.

Is PLTR a Good Stock to Buy Now? 

Overall, Wall Street is sidelined on PLTR stock, with a Hold consensus rating based on four Buys, 13 Holds, and two Sell recommendations. The average PLTR stock price target of $158.41 implies 20.32% downside risk from current levels.