Palantir Technologies shares increased during morning trading. Wedbush maintained its outperform rating and set a one-year price target of $230.
This target represents a potential 45% upside from current trading levels. Analyst optimism is based on Palantir's potential to secure larger U.S. federal government contracts.
Wedbush highlighted the company's strategic positioning for high-priority government projects. These programs are expected to accelerate growth within the artificial intelligence sector.