Palantir Technologies Inc. (NASDAQ:PLTR) is a top AI stock on Wall Street, with Wedbush rating it “Outperform” and raising its price target to $160. Analysts see Palantir as the next Oracle, despite current high valuation, due to its AI strategy’s potential in the trillion-dollar AI market.

Palantir is developing new AI use cases, attracting customers eager for efficiency gains. Analysts believe the company’s AI Platform and commercial business could generate over $1 billion in revenue, especially with the US government’s focus on AI initiatives under the Trump administration.

Deals like the NATO agreement position Palantir to benefit from increasing federal spending on AI in North America and Europe. Analysts see a positive growth outlook for Palantir as it gains prominence globally, especially in the Middle East, due to the rising adoption of AI technology.

While Palantir is a key player in AI, other stocks may offer better investment opportunities. For undervalued AI stocks with potential benefits from Trump-era policies, investors can explore further options in the market.

Read more at Yahoo Finance: Palantir (PLTR) Could Be the Next Oracle, Says Wedbush in Bullish New Call