Palantir may be the next Salesforce or Oracle: Dan Ives

Palantir (PLTR) shares are up more than 350% in 2024 and the stock's run may not be over yet, according to one analyst.

Wedbush Securities global head of technology research Dan Ives says the company is "transforming the AI revolution." "What Palantir has, no one else could compete with. When you think about who could be the next Oracle (ORCL), the next Salesforce (CRM), I believe it's Palantir," Ives tells Yahoo Finance, advising investors to look at the stock's potential over the next 3-5 years.

When asked what says Palantir apart, Ives points to their intellectual property, arguing that "no one matches" it. As far as valuation concerns go, Ives shrugs them off. "If you just focus on valuation, you've missed all the transformational tech winners, from Apple (AAPL) to Meta (META) to Google (GOOGL, GOOG) to Tesla (TSLA) and others."

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[nicolasbenson]

My advice to new investors: Buy good companies stocks and hold them as long as they are good companies. Just do this and ignore the forecasts and market views which are at best entertaining but completely useless.

[Deitricklaverne]

Indeed, Palantir is off to a great start.

[josephzwiek]

I bought at $28. This thing is going to be a monster by the end of the decade

[jones]

PLTR will be much bigger than salesforce. Even now it's not too late to get in. 2025 beyond will be wonderful.

[lucskickweller]

I was lucky enough to buy it at 6 usd.

[Icatchflights]

PLTR will be unstoppable in 2025, could easily reach 200 per share

[Marc-Da-Tank]

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[paulcoenen]

What was so great about sales force,
Anyone willing to give a brief history? 😊

[jackFIXSTR]

There is a possibility that Palantir AI will be in every US defense equipment, from planes, drones, satellites, missiles, computers, troops gear... They are becoming partners with several hardware contractors, and to the rest is join or die.

[micheal]

Dan, the Studio 54 door keeper for 21st-century

[EdwardDavid-zg]

Dan Ives needs to have a heart to heart with Dan Nathan on CNBC. That guy is clueless. Straighten him out already $PLTR🚀🚀🚀🚀

[TNT-luet]

Palantir baby pullback expect a huge bounce as the year ends .. where will it finish $75 $80 or $85 ?

[wsweger]

Not impressed with the guy in the pink jacket on his views of Palantir. While it could go higher, the PE is really high, and that's not the only red flag. We'll see how it plays out in 2025, but buying high and selling low is the ban of the investment world.

[Atluntadhimanathoni.trolls]

dont insult palantir by comparing with salesforce. pltr is nvidia+oracle

[matt.stevick]

i don’t throw darts 🎯 at the board, i go with sure things. i researched my due dilly and purchased palantir like a good investor would. 📈🇺🇸

[nicholaslwl]

Too rich valuation, the stock won’t do much next 2-3yr

[AlperDilek-prvm]

So power law says go all in XAI515K and hold for the 10 years. Okay let's do it! YOLO

[IbrahimKone-ixqi]

!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

[mchris]

No it isn't, quit trying to be the next Salesforce or oracle neither is even double the market cap.

[bobbyeezus]

This guy will be bearish 30% to 50% lower in order to keep his job in 2025.