We recently compiled a list of 10 High Growth Tech Stocks That Are Profitable. Palantir Technologies Inc. comes in second on our list.
TheFly reported on January 22 that Phillip Securities initiated coverage of PLTR with a Buy rating and a $208 price target. The firm highlighted the company’s modest penetration of its total addressable market and noted that its AI software growth exceeds 25% annually, which could drive substantial growth as the addressable market continues to expand.
Additionally, Innodata (INOD) stated on January 29 that it will provide Palantir Technologies Inc. (NASDAQ:PLTR) with high-quality training data and data engineering services to enhance PLTR’s AI-powered rodeo analytics platforms. To enable computer vision models to recognize animals, riders, and skeletal joints and produce automated performance measures for bull riding, horseback riding, bareback riding, and barrel racing, Innodata will handle multimodal data annotation and processing for thousands of hours of rodeo film.
Palantir Technologies Inc. (NASDAQ:PLTR) creates software platforms like Gotham and Foundry that help governments and businesses integrate, analyze and act on large data sets using artificial intelligence and machine learning, supporting sectors ranging from defense to healthcare, finance and automotive.
While we recognize the potential of PLTR as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None.