Palantir Targets AI

Palantir Technologies has raised its annual revenue target and plans to commercialize its artificial intelligence platform. CEO Alex Karp stated that the company's focus is to monetize AI, not just produce tools for computer-generated content. The AIP aims to offer businesses, defense, and military organizations access to large language models and AI for decision-making. Dan Ives from Wedbush Securities is optimistic about Palantir's AI ambitions, considering it a leading player in the AI market for both government and enterprise sectors. They maintain an outperform rating with a $25 price target for Palantir's stock. Rishi Jaluria from RBC Capital Markets disagrees, giving the stock an underperforming rating with a $5 price target, arguing that Palantir lacks differentiation in generative AI and might not add significant value in that area.