Wedbush’s Dan Ives Defends Palantir (PLTR) Stock as Premier AI Investment Despite 2026 Decline
Wedbush analyst Dan Ives defends Palantir stock as a premier AI investment, citing its 'stunning' Q4 performance and potential U.S. government contracts worth trillions. Despite a 17% year-to-date decline in 2026, Ives believes the AI transformation is only in its 'third inning'.
Wedbush analyst Dan Ives has defended Palantir stock as a top AI investment. Ives characterized Palantir's Q4 performance as 'stunning', with revenue surging 70% year-over-year to $1.41 billion. He believes the AI transformation is still in its early stages, with potential U.S. government contracts valued in the trillions. A $20 million revenue reclassification from commercial to government categories affected Palantir's commercial figures, but Ives views this as an accounting adjustment rather than a business deterioration. Ives projects U.S. government AI expenditure could total hundreds of billions of dollars, with long-term potential reaching into the trillions. Palantir's forward P/E ratio is 132x, and analyst consensus registers a 'Moderate Buy' rating with an average price target of $195.04, suggesting 32% upside potential.
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