Wedbush Remains Bullish on Palantir Technologies (PLTR) Despite the Anthropic Threat

​Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Unstoppable Growth Stocks to Invest In According to Reddit.

​On April 10, Wedbush maintained an Outperform rating on Palantir Technologies Inc. (NASDAQ:PLTR) with a price target of $230. The firm said in a research note that they remain bullish on Palantir despite concerns about competition from Anthropic, particularly after the launch of multi-agent orchestration.

​The firm highlighted that despite these launches from competitors, the company continues to accelerate its commercial and government business. Wedbush noted that although Anthropic has reached $30 billion in annual recurring revenue, up from just $9 billion at the start of 2026, this growth is not at the expense of Palantir’s business.

​The firm sees the company as a leader in the AI revolution and highlighted that it maintains a significant strategic edge due to AIP products and its data-driven approach.

​Overall, the Street is bullish on the stock as 63% of the 32 analysts covering the stock have a Buy rating. Moreover, the 12-month average price target suggests more than 47% upside from the current level.

​Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and analytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.

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