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Wedbush Remains Bullish on Palantir Technologies (PLTR) Despite the Anthropic Threat
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. 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. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Hot Growth Stocks to Invest in Right Now and 7 Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
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