Based on stock price targets, the most bullish analyst on Palantir’s stock could be considered by some to actually be bearish.

Palantir Technologies (PLTR) showcases this possibility. As a market darling in artificial intelligence and data analytics, the stock has quadrupled year-to-date. Its sky-high valuation makes investors wonder whether the price is fair or a bubble.

The stock also benefited significantly from a bullish report from Wedbush analyst Dan Ives, who raised the company's target price from $10 to $22. Palantir Technologies' (NASDAQ: PLTR) stock posted remarkable gains of almost 385% in 2024,

Denver, Colorado-based Palantir Technologies Inc. (PLTR) is a leading builder of operating systems that builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations.