Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Best Technology Stocks to Buy for the Long Term. According to a CNBC report released on March 6, Palantir Technologies Inc. (NASDAQ:PLTR) was an outlier in a tough week for the stock market amidst US attack on Iran. The stock rallied 15%, while the NASDAQ declined 1.2%.

The report noted that as President Donald Trump has not signaled any speedy resolution to the ongoing conflicts, investors have gravitated towards Palantir Technologies Inc. (NASDAQ:PLTR) which drives around 60% of its revenue from government contracts. According to CNBC, Rosenblatt maintained a Buy rating on the stock and raised the price target to $200 from $150, noting the Middle East conflict enhances the company’s government pipeline.

The firm highlighted “adequate alternatives” to Anthropic’s Claude models and potential for more deals like last year’s $10 billion contract with the US Army.

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and analytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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