Wedbush reiterated its Outperform rating and $230 price target on Palantir Technologies Inc. (NASDAQ: PLTR), citing continued strength in government-related opportunities.
The firm said it expects Palantir to secure additional contracts across U.S. federal agencies, particularly within the Department of Defense, where demand for advanced software solutions remains a high priority amid a complex geopolitical environment.
Wedbush noted that Palantir’s technology offering aligns closely with government needs, enabling the company to capture a growing share of IT budgets at the Pentagon.
The analyst added that Palantir is well positioned within the broader AI landscape and sees the company benefiting significantly from ongoing adoption trends, describing its trajectory as a “golden path” within the AI revolution.
The firm believes Palantir’s expanding portfolio and strong traction across federal programs will continue to drive growth opportunities.
