This Stock Is About to Go Boom? A Trillion-Dollar Prediction Has Entered the Chat 🤔🚀

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Dan Ives, current wizard-in-chief of technology research at Wedbush Securities, has taken his crystal ball (which probably runs on artificial intelligence) and ominously waved it over Palantir Technologies (PLTR). He’s bullish, which in modern financial discourse is code for “Stock go up.”

In a recent CNBC interview—less of an oracle’s divination and more of a confident weather forecast—Dan Ives declared, quite possibly while resisting the urge to cue dramatic music, that Palantir’s market cap could soar by 290%. “Skyrocket” may sound optimistic, but that’s only if you haven’t seen the way tech stocks behave after someone sneezes at a conference.

“I believe this is going to $1 trillion market cap in the next two to three years. These numbers just show, I think, ‘Let’s get the popcorn out.’ It’s still in the early days of playing out.”

For those keeping score (or licking wounds from other predictions), Palantir was sitting at $108 with a market cap of roughly $256 billion as of Monday. If you can’t visualize $256 billion, that’s okay—neither can anyone else, including the accountants, who just stare at the zeros until they feel faint.

To justify his optimism, Ives equated Palantir to Lionel Messi, which is a curious metaphor mostly because Palantir rarely scores goals, and very little about financial software involves sliding tackles (unless you count market corrections).

“If you go back the last few years, I mean they hated it at $10, despised it at $100 and that would be the continued argument of valuation.”

“If you look at what’s happened to the artificial intelligence (AI) revolution, $2 trillion of spend over the next three years. On the software side, it’s their world, everyone else is paying rent, income is to Palantir.”

“So my view is if you look at just on valuation, and if you went back, you’ve missed every transformational tech stock in the last 20 years. If you just focused on valuation, where is this in the next two, three, four or five years?”

“And I view what [CEO Alex] Karp’s doing at Palantir is generational. But again, the haters are going to hate, I get it. Valuation. Check the box. You look at these numbers, to me, I think this is just another sort of table-pounder moment, you know, for what I view as the Messi of AI, Palantir.”

And in the subplot, billionaire and possibly-bond-villain-in-training Peter Thiel owns a 4.5% stake in Palantir, which, at these numbers, is like parking your car in someone else’s gold vault and collecting rent in bullion coins. Nice work if you can get it.

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2025-05-07 15:34