Analyst on Palantir (PLTR): ‘This is More Than a Meme’

We recently published Top 10 Trending Stocks to Watch Ahead of Nvidia Earnings. Palantir Technologies Inc. (NASDAQ:PLTR) is one of the top trending stocks to watch ahead of Nvidia earnings.

Brent Bracelin, Piper Sandler senior research analyst, said in a CNBC program last month that Palantir is more than just a meme stock.

“What we’ve learned, let’s say, over the last couple months that we’ve been doing more due diligence on the company is this is more than a meme. This is a real business. When you go to a SAP Sapphire event, see meetings around SAP and and and data bricks and the role that Palantir Technologies Inc (NASDAQ:PLTR) has there and standing room only sessions. When you go to data bricks AI summit and you see standing room only sessions of large enterprises that’s not even their main market, right, their target market is government and so a lot of our due diligence and bullishness is really looking at a longer term picture, how big can this company be, what’s the art of the possible, and if you think of the art of the possible here, two trillion dollar TAMs that they’re going after, government, there’s a massive secular shift from big machines, proprietary software to small machines, drones, AI. We are in the early innings.”

Photo by Kaleidico on Unsplash

Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its second quarter 2025 investor letter:

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of data analytics software designed to integrate and analyze large, complex datasets for government agencies and commercial enterprises globally. Its platforms, such as Gotham and Foundry, enable users to rapidly visualize and interpret critical data to inform high-impact decisions across defense, intelligence, and corporate sectors. The company has benefitted from its ability to consistently expand revenues in both its Government and Commercial segments, driven by growing adoption of AI solutions and increasing government spending on defense and intelligence capabilities. During the quarter, Palantir shares rose significantly supported by strong fiscal first-quarter results featuring 39% year over-year revenue growth, driven by robust increases in U.S. commercial and government contracts. Management also raised full-year revenue guidance, citing increased demand for AI-driven solutions and the positive impact of rising defense expenditures.

While we acknowledge the risk and potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.