Palantir (PLTR) shares are up almost 10% to start the week following a recent stock forecast upgrade on Wall Street. Wedbush analysts recently upped their price prediction for the software company, citing AI as a key driver for success. Wedbush flagged PLTR and the broader tech group for gains into year-end, which has helped spur on tech stocks to rebound on Monday.
Per Wedbush’s latest investor notes, several top tech names could climb about 8% to 10% as companies step up AI spending. The firm went on to raise earnings and price targets on several software names, including Palantir and Nvidia (NVDA). Wedbush also highlighted a large expected rise in big-tech capital expenditure next year.
The forecast upgrade based on AI spending is a unique one, considering other Wall Street experts have signaled the red flags of too much AI spending. Meta Platforms has been a name thrown out there of top tech companies spending much more on AI than it is bringing in, which has caused analysts to lower stock projections. Alternatively, companies like Amazon and Palantir have performed well in 2025 despite increased AI spending. Thus, these stocks are seen as upgrade choices, per Wedbush.
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Palantir (PLTR) had a stronger-than-expected third-quarter, reporting double-digit revenue growth and raising revenue guidance. The results sent shares higher and also raised investors’ optimism. Still, the stock has seen plenty of volatility, with shares changing hands plenty in November already. Palantir saw 5 insider sale transactions by director Alexander D. Moore on November 3, 2025, totaling $4,090,886.59. All transactions involved Class A Common Stock, and none were flagged as anomalies.
Furthermore, other top firms echo Wedbush’s latest analysis on Palantir stock. Loop Capital, with a high overall score of 88.79, set a $180 target. Meanwhile, B of A Securities, with a lower overall score of 71.30, aims for $255.