Palantir Technologies (PLTR) recently reported impressive fourth quarter earnings that exceeded expectations. Wedbush Securities managing director and global head of technology research, Dan Ives, joins Market Domination to discuss the future of the company.
Ives argues that Palantir is ahead of its competitors in artificial intelligence (AI) and has strong growth potential, despite criticism from skeptics. He points out that the company’s pipeline is significantly underestimated by the market.
“The reality is, when you do the due diligence and you understand what they’re doing, I believe this could be the next Oracle (ORCL) or Salesforce (CRM),” Ives says.
He also sees AI software playing a major role in the coming years, with Palantir leading the charge. The key risk is execution, but if Palantir continues to deliver, its long-term growth prospects could be significant.
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This post was written by Josh Lynch
Source: Why Palantir could be the ‘next Oracle or Salesforce’
