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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Palantir Price Target Raised To $75 By Dan Ives Amid 288% YTD Surge: Analyst Calls 2025 A 'Primetime' Year For AI

Dan Ives Palantir Palantir Technologies Inc Wedbush Securities NYSE Artificial Intelligence

Wedbush Securities has issued an endorsement of the artificial intelligence software sector, with Managing Director Dan Ives predicting that 2025 will be a pivotal year for AI implementation across the industry. This comes as Palantir Technologies Inc. (NYSE:PLTR) continues its remarkable ascent, having surged 288% year-to-date.

What Happened: In a notable sector-wide upgrade, Ives raised Palantir’s price target to $75 while upgrading both Elastic NV (NYSE:ESTC) and Snowflake Inc (NYSE:SNOW) to Buy ratings. He also increased Salesforce Inc.‘s (NYSE:CRM) price target to $375, signaling broader confidence in the software sector’s AI potential.

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