Palantir Technologies Inc. (NASDAQ:PLTR) is one of our Best Software Stocks to Buy in 2026. Recently, on July 2, DA Davidson upgraded Palantir Technologies Inc. (NASDAQ:PLTR) from Neutral to Buy and also raised the price target from $165 to $175.
The firm noted that the company has grown into its valuation, due to profits rising sharply and the stock multiple compressing. This has created what ***** ysts call a timely buying opportunity. DA Davidson highlighted that the company holds several competitive advantages over its peers and noted that AI is only making these advantages more prominent.
A key point that the firm highlighted in its research note is Palantir's ability to swap out the AI models underneath its platform. DA Davidson sees this as removing the biggest perceived threat to the business, which is the fear that customers would bypass Palantir and go directly to AI labs like Anthropic or OpenAI. The firm believes that the flexibility positions the company as a layer that customers use to orchestrate AI models generally.
Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and ***** ytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.
While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
The firm noted that the company has grown into its valuation, due to profits rising sharply and the stock multiple compressing. This has created what ***** ysts call a timely buying opportunity. DA Davidson highlighted that the company holds several competitive advantages over its peers and noted that AI is only making these advantages more prominent.
A key point that the firm highlighted in its research note is Palantir's ability to swap out the AI models underneath its platform. DA Davidson sees this as removing the biggest perceived threat to the business, which is the fear that customers would bypass Palantir and go directly to AI labs like Anthropic or OpenAI. The firm believes that the flexibility positions the company as a layer that customers use to orchestrate AI models generally.
Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and ***** ytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.
While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
4 months ago
