Analysts Highlight AI-Driven Growth for Palantir, Snowflake, and Elastic in 2025

Wedbush upgrades multiple software stocks, projecting a pivotal year for AI adoption across industries.

Wedbush analyst Dan Ives raised Palantir's price target to $75, citing its Advanced Intelligence Platform (AIP) and strong AI-driven revenue growth potential.
Snowflake and Elastic were upgraded to 'Outperform' as analysts predict significant gains from enterprise adoption of generative AI use cases in the next 12-18 months.
Palantir's stock has surged 288% year-to-date, driven by increased demand for AI solutions and key government and commercial contracts.
The broader software sector is expected to benefit from $2 trillion in AI spending over the coming years, with 2025 seen as a breakthrough year for AI monetization.
Despite bullish outlooks, some investors remain cautious about high valuations, with major hedge funds trimming positions in Palantir during Q3.