Palantir Seen Gaining Federal AI Contracts, Wedbush Reiterates Outperform

Wedbush reiterated its Outperform rating and $230 price target on Palantir Technologies Inc. (NASDAQ: PLTR), citing continued strength in government-related opportunities. The firm said it expects Palantir to secure additional contracts across U.S. federal agencies, particularly within the Department of Defense, where demand for advanced software solutions remains a high priority amid a complex geopolitical environment. Wedbush noted that Palantir’s technology offering aligns closely with government needs, ...