Wedbush’s senior analyst Dan Ives raised his price target on Palantir shares to $160. He recommends that investors rise above valuation concerns in PLTR stock.

Dan Ives has raised his price target for Palantir Technologies, signaling a 12% upside from its trading price over the next 12 months.

Palantir Technologies Inc. (PLTR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.