Opportunity to Invest Once: 1 Top AI Stock to Buy Hand Over Fist in April Before Surges 55%, Says 1 Wall Street Analyst

Markets are soaring on AI excitement. In the first few months of the year, the S&P 500 and Nasdaq Composite set records. Microsoft, Apple, Nvidia, Alphabet, Amazon, Tesla, and Meta Platforms—the "Magnificent Seven"—are responsible for much of these benefits. Smart investors know there are other AI potential outside megacap tech.  

Palantir Technologies (NYSE: PLTR) is a rising leader in big data analytics. Palantir announced its fourth major product, the Palantir Artificial Intelligence Platform, in 2023. AIP's spectacular success boosted Palantir's revenue and profitability, impressing investors. Is it too late to acquire the company's stock after roughly 180% growth in a year?  

Dan Ives of Wedbush Securities believes the stock has much more potential. His $35 per share price objective represents a 59% upside from the company's April 10 closing price. Learn why Palantir shares may be a good investment now.  

Rise of Palantir AI Platform Apollo, Gotham, and Foundry were Palantir's main software products for years. After AIP, it secretly launched its AI venture last April. AIP's launch was overshadowed by big tech's investments in ChatGPT creator OpenAI and its competitors.  

Palantir used creative lead generation to promote AIP. The company started immersive "boot camps." These sessions showed prospective customers Palantir's software platforms. This was meant to demonstrate Palantir's tech skills and help business leaders find an AI use case.  

Palantir has held 850 boot camps since this campaign began. AIP customers have openly shown how the solution is revealing new insights across several applications.  

AIP has only been commercially accessible for a year, but its early success is promising. Palantir is growing in the private sector and gained 35% of its customers in 2023. The company's U.S. commercial revenue climbed 70% in the fourth quarter.  

Naturally, rising revenue is wonderful. This is significant for Palantir since Wall Street skeptics have long criticized the company for relying too heavily on lumpy government transactions with the U.S. Military and its Western allies. AIP is showing that Palantir has credible tech skills that are gaining customers from many industries beyond the public sector. Palantir is showing it can compete with big tech in AI.  

I think 2023 is the start of the company's AI story. Palantir AIP is growing quickly, and tech giants want to cooperate with it. It's poised to generate revenue while retaining profitability and a strong balance sheet.  

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