We recently made a list of 10 High-Growth Tech Stocks That Are Profitable. Palantir Technologies Inc. ranks second on our list.

Phillip Securities initiated coverage on PLTR with a buy rating and a $208 price target, TheFly reported on January 22nd. The firm highlighted the company’s modest penetration of its total addressable market and noted that growth in its AI software is more than 25% annually, which could drive substantial growth as the addressable market continues to expand.

In addition, Innodata (INOD) said on Jan. 29 that it will offer Palantir Technologies Inc. (NASDAQ:PLTR) high-quality training data and data engineering services to enhance PLTR’s rodeo analytics platforms with artificial intelligence. In order to enable computer vision models to recognize animals, riders and skeletal joints and produce automated performance measures for bull riding, bronc riding, hair riding and barrel racing, Innodata will manage the annotation and multimodal data processing of thousands of hours of rodeo film.

Palantir Technologies Inc. (NASDAQ:PLTR) builds software platforms like Gotham and Foundry that help governments and businesses integrate, analyze and act on big data sets using AI and machine learning, supporting industries from defense to healthcare, finance and automotive.

While we recognize PLTR’s potential as an investment, we believe some AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.

READ THE FOLLOWING: 12 Best Multibagger Stocks to Buy Ahead of 2026 i 7 Best Rising Tech Stocks to Buy Now.

Disclosure: no.