Why is Palantir Technologies Inc. (PLTR) One of the Stocks to Buy for The Long Term?

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.

Why is Palantir Technologies Inc. (PLTR) One of the Stocks to Buy for The Long Term?

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 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.

READ NEXT: 14 Best 52-Week High Stocks to Invest In According to Short Sellers and 15 Best Micro and Small Cap Stocks to Buy According to Jim Simons’ Renaissance Technologies.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1