Palantir (PLTR) Delivers Another ‘Drop-the-Mic’ Quarter, Wedbush Says

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 AI Stocks Analysts Are WatchingOn February 3, Wedbush analyst Dan Ives reiterated an Outperform rating on the stock with a $230.00 price target. The firm applauded PLTR for a “drop the mic” quarter, seeing it lead the AI revolution with unmatched AIP moat.

Palantir reported its FY4Q25 earnings yesterday, beating Wall Street’s estimates amid rising spending on AI tools from governments and businesses. The company reported $1.41 billion in revenue, ahead of LSEG estimates of $1.33 billion.

Palantir (PLTR) Delivers Another ‘Drop-the-Mic’ Quarter, Wedbush Says

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

According to CEO Alex Karp, Palantir’s earnings were the best results that he is aware of in tech in the last decade. Webush noted how PLTR delivered another robust drop the mic quarter of beats across the board. Looking ahead, it provided FY26 guidance that exceeded Street estimates.

“Palantir reported its FY4Q25 results featuring yet another strong drop the mic quarter of beats across the board while providing FY26 guidance that exceeded Street estimates as the company’s AIP continues to accelerate with US Commercial remaining a core driver of growth. We maintain our OUTPERFORM rating and $230 price target as Palantir is helping lead the AI Revolution into the use case phase as its AIP product moat is unmatched in our view.”

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems.

While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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