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- Palantir stock is headed to $25 a share as the company builds an AI "fortress," Wedbush said.
- That would be a 54% jump in price from Thursday's closing level.
- The company will be a major player in the AI boom in the next decade, the firm said.
Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday.
According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54% from Thursday's closing price of $16.15. Shares were up 5.7% at $17.07 early Friday.