The stock price of software giant Palantir (NYSE: PLTR) continued its upward momentum, reaching a new all-time high of $45 per share and surpassing a market capitalization of $100 billion for the first time during the last trading session.

Following the gathering, Wedbush’s Dan Ives called Palantir the “Messi of AI,” comparing the company’s growth in artificial intelligence to Argentine soccer star Lionel Messi, he said. noted in an X message. job on October 24.

The analyst, who initially predicted PLTR would hit $45, said the company would likely see further growth in 2025. He highlighted the potential benefits of the expanding AI-driven market, positioning Palantir and its CEO, Alex Karp, at the forefront of the AI ​​market. revolution.

“AI Palantir’s Messi reached a $100 billion market cap early on, just beginning to understand the massive AI-driven market opportunity,” Ives said.

Why Ives is bullish on PLTR stock price

Further information on Ives’ outlook for PLTR in 2025 can be borrowed from his investor note from early October. In the note, which gave an “Outperform” rating, he said more companies are strategically exploring how to integrate Palantir’s artificial intelligence platform in 2025.

“(Palantir is) in a prime position to continue to expand its deal pipeline/flow while delivering more use cases to solve critical problems across industries,” Wedbush noted.

PLTR’s ability to maintain this momentum will depend in part on the upcoming third-quarter earnings report, in which the company is expected to demonstrate an increase in revenue, primarily driven by its investment in AI.

Notably, in the quarter ending June 2024, the company’s revenue increased 27% year-over-year to $678.1 million. This growth led analysts to revise Palantir’s full-year revenue forecast to $2.746 billion.

Uncertainty regarding the rise in PLTR share price

Not all market players see The PLTR bull run is sustainable. Concerns have been raised that the stock’s rise may not fully reflect the company’s true valuation.

These fears suggest that the title could be overvalued and could face a potential correction in the near future, which some analysts have flagged as a red flag.

Meanwhile, another Wall Street analyst, Bernard Zambonin, warned that investors should approach the upcoming earnings report with caution. He noted that Palantir’s heavy reliance on positive annual forecast updates to bolster demand perceptions is risky, particularly if forecasts are insufficient.

This uncertainty has also resulted in a mixed outlook for PLTR from other Wall Street analysts. For example, Raymond James lowered the stock’s rating from “Outperform” to “Market Perform,” while BofA Securities maintained a “Buy” rating. Canaccord Genuity maintained a “Hold” rating on PLTR’s stock.

What next for the PLTR share price

PLTR stock was trading at $44.86 at press time, up nearly 3% in the past 24 hours. Stocks have surged 170% year to date in 2024.

Looking at the next price trajectory, an analysis by a stock market expert who goes by the pseudonym Market Master in an job on October 25 suggested that PLTR may have further upside potential.

This is based on the observation that the stock has formed a bullish cup and handle pattern on the weekly chart, with a right shoulder (RS) formation indicating a possible retest of support before a breakout to higher levels. higher price targets.

Institutional money flow indicators support this bullish outlook, showing increased interest from large investors.

After hitting the all-time high of $45, the next upside target remains at $50, a price target supported by Bank of America (NYSE: BAC).