Analysts Predict AI Surge for Palantir, Snowflake, and Salesforce

1 min read
Source: Benzinga
Analysts Predict AI Surge for Palantir, Snowflake, and Salesforce
Photo: Benzinga
TL;DR

Wedbush Securities' Dan Ives has raised Palantir's price target to $75, citing 2025 as a pivotal year for AI in the software sector. Palantir's stock has surged 288% YTD, driven by significant contracts and its first profitable year. Despite this growth, some investors are cautious about its high valuation and retail investor base. Ives also upgraded Elastic NV and Snowflake Inc, reflecting confidence in AI's potential impact on the software industry.

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