Wedbush's Dan Ives increased his price target on Palantir (PLTR) to $160 from $140 over his "growing confidence" in its A.I. strategy that could lead it to be "the next Oracle (ORCL)." The issue Marley Kayden sees in the thesis: extremely elevated expectations. She notes the company currently trades at 600 times earnings, throwing a wrench into the argument for "exponential" growth potential.
Next Gen Investing
10 Jul 2025
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