Wedbush is bullish on Palantir (PLTR.US): strong customer reputation, improved implementation of AIP, and poised to reach a market value of a trillion dollars.

Wedbush Securities issued a positive evaluation after attending a well-received customer event by Palantir (PLTR.US). In addition, Palantir announced a partnership agreement with the Western Sports and Entertainment company Teton Ridge. The Wedbush analysts, led by Dan Ives, stated in a research report: "As we engage with more potential customers, many mention that they learned about Palantir's technology and value through word of mouth (due to other partners fully investing in the Palantir platform), but many are still stunned after seeing actual use cases through demonstrations - this gives us more confidence that many still do not fully understand the value that Caput and his team bring. We notice that the ratio of new customers signing multi-year agreements and existing customers seeking to increase spending on different products is approaching a fifty-fifty split, with many customers fully investing in Palantir's platform solutions." Palantir showcased over 30 demo cases covering all industries, focusing on the application of its AIP platform and other technologies. The analysts added that the "Chain Reaction" platform launched earlier this week in collaboration with CenterPoint Energy and NVIDIA Corporation should help accelerate the development of artificial intelligence infrastructure. The analysts explained: "As the company takes strategic actions to maintain its position at the forefront of artificial intelligence and expand its global footprint, we believe that PLTR has a golden path to a trillion-dollar market value in the coming years, and will gradually align with its valuation, as Caput's team remains one of the most important players in the AI revolution." They gave Palantir an "outperform" rating with a target stock price of $230. In addition, Palantir announced a partnership with the multinational holding company TWG AI on Friday. Under the agreement, Palantir will collaborate with NVIDIA Corporation to bring real-time artificial intelligence and computer vision technology to TWG's Teton Ridge cowboy sports activities. As of the time of writing, Palantir's pre-market stock rose slightly by 0.25%.