FINWIRES · TerminalLIVE
FINWIRES

Palantir Technologies' Artificial Intelligence Platform 'Unmatched,' Wedbush Says

By

-- Palantir Technologies (PLTR) continues to be a major beneficiary of the artificial intelligence shift, with its Artificial Intelligence Platform "unmatched" in the industry, Wedbush said in a Tuesday note.

The company delivered strong Q1 financial results, with total revenue at its highest ever year-over-year growth rate of 85% as its Artificial Intelligence Platform continues to gain "unprecedented" traction across the enterprise and federal sectors, Wedbush analysts said.

US business grew 104% from a year ago, surpassing the $5 billion annualized revenue run rate and validating the analysts' long-term thesis that the platform is becoming the default operating system for AI for large businesses, according to the note.

Palantir has once again boosted full-year 2026 guidance across the board, capitalizing on surging demand for its AI capabilities, the note said. The analysts said they considered the company to be one of the top tech names to own for the year.

Wedbush maintained the company's stock rating at outperform and price target at $230.

Price: $137.54, Change: $-8.49, Percent Change: -5.81%

Related Articles

Australia

American Electric Power CEO Says Speed to Market Key Issue in Load Connection

American Electric Power (AEP) CEO Bill Fehrman said Tuesday that speed to market is the main issue in efficiently connecting energy load to generation.In a Q1 earnings call, Fehrman said that, in particular, the performance and stakeholder approval process of PJM, the US mid-Atlantic grid operator, represents a major challenge."The current state of PJM's performance and stakeholder approval process does not give me great confidence that these issues will be resolved any time soon," Fehrman said on the call."In fact, if something is not done now, I expect we could still be having these same conversations in 10 years," he added.Expanding and strengthening the grid will ensure new generation resources can connect quickly, reliably, and affordably to serve the growing load, the CEO said.Price: $137.27, Change: $+2.61, Percent Change: +1.94%

$AEP
Australia

MGE Energy Q1 Earnings, Revenue Rise

MGE Energy (MGEE) reported Q1 earnings Tuesday of $1.32 per diluted share, up from $1.14 a year earlier.One analyst polled by FactSet expected $1.13.Revenue for the three months ended March 31 was $242.7 million, up from $219 million a year earlier.Price: $80.48, Change: $+0.36, Percent Change: +0.46%

$MGEE
Research

Research Alert: CFRA Lowers Rating On Shares Of Pfizer Inc. To Hold From Buy

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target to $28 from $31, 9.4x our 2027 EPS estimate, below PFE's historical forward P/E average. We keep our 2026 EPS view at $2.99 and our 2027 EPS at $2.97. PFE delivered solid top- and bottom-line Q1 results today that exceeded expectations while demonstrating continued progress in its post-Covid transition strategy. While we continue to think that shares are trading at a discount, as the company's main focus in the next year is on AI integration, and a new transformative M&A is not a key priority, we see limited catalysts to drive meaningful upside potential. We think PFE is aiming to maximize value from launched and acquired products with particular focus on key areas: oncology, obesity/metabolic disease, and vaccines. PFE remains committed to maintaining its dividend, continuing productivity initiatives ($7.2B cost savings target), and pursuing targeted business development (with $7B capacity) but we do not expect PFE executing share buybacks to support the share price in the near term.

$PFE