Palantir’s AI Partnerships Are ‘Growth Catalysts,’ Says Wedbush’s Dan Ives

2026-03-18 08:08:51

Wedbush’s top analyst Daniel Ives is impressed by Palantir Technologies’ PLTR +1.55% ▲ recent AI partnerships. He views Palantir’s strategy of integrating data, software, and AI tools as “growth catalysts” as companies increasingly embed AI into their essential operations. These deals underpin his belief that the company is primed to capitalize on surging demand for AI platforms in enterprise and government sectors. Ives maintained his Buy rating and $230 price target, implying 48.3% upside potential.

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Ives is a five-star analyst on TipRanks, ranking #717 out of 12,128 analysts tracked. He has a 51% success rate and an average return per rating of 11.30%.

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Palantir Capitalizes on Surging AI Demand

Palantir held its ninth AIPCon conference in Kent Island, Maryland on Thursday, March 12, 2026, where it showcased how customers in healthcare, defense, aerospace, energy, and finance are using its Artificial Intelligence Platform (AIP). Ives noted the event showed strong demand for Palantir’s software from U.S. businesses using AI at scale and from government agencies seeking more efficient, automated systems.

Key deals fueling Ives’ optimism:

Palantir partnered with Nvidia NVDA -0.70% ▼ to build a sovereign AI operating system. It combines Nvidia’s enterprise infrastructure and Blackwell GPUs with Palantir’s software (including AIP, Foundry, Apollo, Rubix and AIP Hub) to run AI systems on‑premise, at the edge, and in the cloud.
A collaboration with GE Aerospace focuses on using AI to improve military aircraft readiness for the U.S. Air Force and to streamline GE Aerospace’s production operations.
Palantir teamed up with Ondas Holdings ONDS +7.12% ▲ and World View Enterprises to build an AI‑powered intelligence platform for multi‑domain surveillance, reconnaissance, and autonomous system coordination.
Palantir also expanded its partnership with LG CNS, part of LG Corporation, for enterprise-wide AI transformation, building on their late-2025 deal.
Ives also pointed out Palantir’s deal with Centrus Energy LEU +0.36% ▲ , which will use AIP to link engineering, manufacturing, and supply chain data for uranium enrichment. The companies said this could save about $300 million by improving operational efficiency.

Is PLTR a Good Stock to Buy?

Analysts remain cautiously optimistic about Palantir’s long-term outlook. On TipRanks, PLTR has a Moderate Buy consensus rating based on 14 Buys, four Holds, and two Sell ratings. The average Palantir price target of $193.50 implies 24.8% upside potential from current levels. Over the past year, PLTR shares have surged 84.9%.

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