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Palantir Technologies Inc. (NASDAQ:PLTR) is among the Stocks That Will Double in the Next 5 Years.

​On April 14, Mizuho analyst Gregg Moskowitz reduced the price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $195 to $185, while maintaining an Outperform rating on the shares. The firm noted that the change in price target is based on the Q1 earnings preview of the large-cap software stocks.

​Mizuho’s research shows that the overall demand remains solid, with strong cloud and consumption data points, plus very robust AI adoption. However, the firm finds the cybersecurity demand to be mixed, prompting the recalibration. The firm highlighted Cloudflare, ServiceNow, and Atlassian as top picks ahead of Q1 earnings reports.

​Earlier, on April 9, Wedbush had reiterated an Outperform rating on Palantir Technologies Inc. (NASDAQ:PLTR) with a price target of $230. Wedbush noted that the market is concerned about the stock due to recent developments by Anthropic. However, the firm remains bullish and highlighted that the increase in Anthropic’s annual recurring revenue is not at the expense of Palantir’s business. The firm also highlighted that Palantir remains the epicenter of the AI revolution.

​Palantir Technologies Inc. (NASDAQ:PLTR) develops software platforms for government and commercial customers focused on data integration, analytics, and operational decision-making.

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. 

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