Wedbush has increased its price target for Palantir (PLTR) to $35, maintaining an Outperform rating due to the company’s growing momentum in the artificial intelligence sector.

Analysts see Palantir’s AIP foundation as a key platform for AI applications, with increasing positive outlook and potential for significant market share in the global AI market valued at $1 trillion. The firm highlights Palantir’s cross-selling opportunities across various sectors and believes the company is well-positioned to capitalize on the AI revolution in both enterprise and government sectors.