Top 10 Stocks to Buy for Long Term

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6. Palantir Technologies Inc. (NASDAQ:PLTR)

Stock Upside Potential: 35.41%

Number of Hedge Fund Holders: 96

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the top stocks to buy for the long-term. On May 21, Rosenblatt reiterated that Palantir Technologies Inc. (NASDAQ:PLTR) is a Buy and maintained a $225 price target following a meeting with the company’s Chief Financial Officer, David Glazer, among other executives.

Following the meeting, the research firm reiterated that Palantir Technologies has what it takes to reach $225 per share level and achieve a market capitalization of more than $1 trillion within 5 years. The research firm remains confident that the company’s Artificial Intelligence Platform, AIP, will be the key growth driver, acting as the arbiter and optimizer of multiple large language models and machine learning systems.

Additionally, the research firm expects Palantir Technologies to continue capitalizing on strong business momentum from FoxTrot, one of its key partners. The sentiments align with the company delivering solid first-quarter results, with earnings per share reaching $0.33, exceeding the $0.28 expected. Revenue totaled $1.633 billion, above the $1.54 billion expected, driven by strong demand in the US government segment and national security solutions.

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds digital infrastructure for big data analytics. It specializes in connecting fragmented data into a single platform, allowing organizations to integrate, analyze, and deploy Artificial Intelligence (AI) models.

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 the cheapest AI stock.

Click to continue reading and see the Top 5 Stocks to Buy for Long Term.

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