Palantir Technologies Inc. has emerged as a key player in the AI revolution, with Piper Sandler analyst Brent A. Bracelin predicting long-term success and setting a price forecast of $170. The company, once doubted, now stands out in the AI space with accelerating growth momentum.

Despite Palantir’s high valuation and risk, Bracelin sees potential for a $24 billion annual revenue run rate by 2032. The company’s unique growth and margin expansion could capture market share in trillion-dollar addressable markets. Bracelin advises a strategic approach, buying on dips to build positions over time.

Recent data shows Palantir’s web traffic surpassing triple digits year-over-year, indicating increasing market interest. Among Defense Tech firms, only Palantir and Anduril exhibit triple-digit annual growth in unique visitors, solidifying their presence in the industry. Palantir’s unconventional evolution, including a successful lawsuit against the U.S. Army, sets it apart in the sector.

Read more at Yahoo Finance: Why Palantir Is The ‘AI All-Star’ You Need To Watch