JPMorgan’s research arm, led by analyst John Essex, just released a note calling Palantir a favorite stock, predicting a rally exceeding 30% in the next 12 months.
Essex highlighted that businesses increasingly adopt Palantir’s platform to unlock AI ROI, noting that the company’s growth is accelerating and its platform is fundamentally transforming operations.
With AI adoption accelerating across sectors, Palantir’s valuation will be scrutinized in next quarter’s results, as investors weigh the company’s ability to convert platform usage into sustainable profits.