From Yahoo Finance: 2025-04-14 12:56:00

Palantir (PLTR) struck a deal on March 25 to provide NATO with an AI system, boosting PLTR stock. Analyst Dan Ives sees this as a positive move and maintains a $120 price target. The agreement aims to enhance NATO’s data management and decision-making, showing PLTR’s strength in AI is valued by Washington.

Ives believes PLTR’s execution is strong and will benefit from a surge in federal spending on AI. PLTR stock has seen a 6% increase in the last month, a 43% surge in the last three months, and a 323% rise in the last 12 months. Analysts suggest that AI stocks hold greater potential for higher returns in a shorter timeframe, with some outperforming popular AI stocks.

In light of Palantir’s recent deal with NATO, Wedbush analyst Dan Ives sees a bright future for PLTR stock. With a $120 price target and an Outperform rating, Ives is optimistic about the company’s prospects in the AI sector. The agreement with NATO highlights the value of PLTR’s AI capabilities, positioning the company for further growth and success.

Read more: Well-Known Analyst Is Upbeat on Recent Deal by Palantir (PLTR)