Is Palantir (PLTR) One of the Best AI Software Stocks to Buy?

Phillip Securities noted that the banal could determination higher arsenic the company’s fundamentals amended and its full addressable marketplace continues to grow. According to the probe firm, Palantir Technologies Inc. (NASDAQ:PLTR) has “just” captured 2.4% of its $119 cardinal full addressable marketplace estimated successful 2020. With the company’s AI bundle increasing astatine much than 25% a year, Phillip Securities noted that the addressable marketplace has astir apt expanded, which supports “significant upside” for the stock.

Earlier, connected January 6, Truist Securities besides initiated sum of Palantir Technologies Inc. (NASDAQ:PLTR), giving it a Buy standing and a terms people of $223. The steadfast noted that the banal trades astatine a precocious valuation but highlighted the company’s beardown accidental to assistance governments and enterprises follow generative AI.

Truist Securities pointed to improving momentum supported by the motorboat of Palantir Technologies Inc.’s (NASDAQ:PLTR) Artificial Intelligence Platform (AIP). In its initiation report, the probe steadfast described Palantir Technologies Inc. (NASDAQ:PLTR) arsenic a “best-in-class AI asset.”

Palantir Technologies Inc. (NASDAQ:PLTR) is an American bundle institution that specializes successful large information analytics and AI platforms. The institution serves cardinal authorities and commercialized enterprises.

While we admit the imaginable of PLTR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.