Unfazed by Palantir's (PLTR.US) high valuation, Wedbush praises it as a "core winner of the AI wave" and raises its target price.

According to the Securities Times APP, Wedbush has maintained an "outperform" rating on Palantir Technologies (PLTR.US) and raised its target price from $140 to $160, citing the company's outstanding performance in artificial intelligence strategy as it is leading the trend of transformation in software artificial intelligence.