Analyst Says Palantir Technologies (PLTR) a ‘Huge' Beneficiary of Trump's Tax Bill
Wedbush's Dan Ives recently said during a program on CNBC that Palantir Technologies Inc (NASDAQ:PLTR) will be a key beneficiary of President Donald Trump's 'big, beautiful' tax bill.
"I think front and center is massive. I think Palantir is going to be a huge beneficiary."
Palantir shares are up over 400% one the past one year, but many analysts believe the stock has more room to run. The US government's Warp Speed for Warships initiative is counted as a new catalyst for the stock. The project uses Palantir's AI-powered Foundry platform to digitally transform US naval shipbuilding. In Q1 alone, the company won close to 140 deals worth over $1 million each, including 31 deals above $10 million. Palantir is also positioned to benefit from its partnership with Accenture Federal Services (AFS) to co-develop AI solutions for federal agencies.
Photo by Kaur Kristjan on Unsplash
Jackson Peak Capital stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter:
'Palantir Technologies Inc. (NASDAQ:PLTR) was a contributor as a long event-driven trade. We held PLTR into and through its Q4 earnings. The thesis was that it would continue its beat and raise cadence and have investors chasing the right tail as management lays out what's possible under the new administration in DC, announcing new contract wins. It also benefitted from market structure dynamics with institutions underweight and PLTR joining the Nasdaq 100 index in December.'
While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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