Palantir Technologies could benefit from a ‘tidal wave of federal spending on AI,’ according to analysts at Wedbush.

On Thursday, Wedbush Securities sent Palantir Technologies ( PLTR, Financial) stock prices moving upward after raising its forecasted value to $90 per share as the new market top. The firm maintains its Outperform rating while reinforcing Palantir's bright growth trajectory for next year.

Shopify is worth $134 billion. The stock must return at least 22% for its market value to top $163 billion in 2025. Anthony Chukumba at Loop Capital has set Shopify with a target price of $140 per share. That forecast implies 36% upside from its current share price of $103.

As far as key catalysts for growth investors are concerned, artificial intelligence remains the top factor on top of mind for most investors right now. In combination with a range of new AI offerings,

Palantir Technologies (PLTR) has captured Wall Street’s imagination with its AI-powered defense solutions in 2024. The tech stock has surged over 300% in the past year, valuing the company at a market capitalization of $165 billion.

Palantir Technologies (NASDAQ: PLTR) was the standout and number one performer in the S&P 500 in 2024, with its stock skyrocketing 340% in 2024 and elevating its market capitalization to an impressive $163 as of the January 17 close.