Palantir Technologies Inc. (NASDAQ:PLTR) is among the 10 Stocks ChatGPT Predicts Could Make You Wealthy in 3 Years. As of the close of business on June 12, Wall Street has a Moderate Buy rating on the stock with an average share price upside potential of 45%.
Recent updates include Wedbush, which on June 5 maintained an Outperform rating on the stock with a price target of $230. The reaffirmation came following the AIPCon event, with the firm describing the company’s setup as attractive.
On the same day, Rosenblatt also reiterated its Buy rating on Palantir Technologies Inc. with a price target of $225, while noting recent customer announcements and a new multi-tiered partnership with Google Cloud, which will make Palantir available on Google Cloud Marketplace.
In other news, institutional investors’ interest in the stock continues to grow. According to Insider Monkey’s database for Q1 2026, 96 hedge funds held a stake in the company, increasing from 89 at the end of Q4 2025.
In May, the company reported strong results for the first quarter of fiscal 2026. Revenue increased 85% year-over-year to $1.63 billion and beat estimates of $1.54 billion. Adjusted EPS came in at $0.33, surpassing expectations by 5 cents.
Palantir Technologies Inc. is a technology company that specializes in software platforms for data analytics. These platforms are used by government agencies, financial institutions, and several large corporations.
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