Palantir (PLTR) shares are up after a Piper Sandler analyst rated the firm “Overweight” with a $170 price target, 8% higher than current levels. The stock has surged 150% since January’s low, but is considered high-risk due to a P/E over 400x. Bracelin sees PLTR as a $24 billion company by 2032.

Despite Wall Street firms advising against it, Piper Sandler calls Palantir a “secular winner” with room to grow in AI markets. PLTR is set to report earnings, expected to increase per-share earnings by over 150%. Positive results could drive stock prices higher.

Palantir’s recent rally has divided experts, with some cautioning against further investment. The consensus rating is “Hold,” with a target price suggesting a 30% downside. Piper Sandler’s bullish stance contrasts with other firms, but positive earnings could validate the optimism surrounding PLTR.

Read more at Yahoo Finance: Palantir Stock Offers ‘One of a Kind Growth.’ Should You Buy PLTR Here?