Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 10 High Growth Mega Cap Stocks to Buy and Hold for Next 10 Years. On March 25, John McPeake of Rosenblatt Securities reiterated his Buy rating on Palantir Technologies Inc. (NASDAQ: PLTR) and set a price target of $200, which implies over 25% upside from here. The update came as the company’s name was added to Donald Trump’s Golden Dome project.

The Golden Dome is a multi-layered missile defense system that will protect the USA from all sorts of missile threats, including ballistic, hypersonic, and cruise missiles. The initial estimated cost of the project is around $185 billion. The defense system is unique in the sense that it will be a space-based system, driven by low-orbit satellites and the power of AI, most likely through Palantir’s unique ontology expertise.

McPeake considers Palantir a major beneficiary of this project. According to him, the induction of the company into this project could unlock billions in revenue in the initial phase. Palantir’s Maven Smart System will provide the necessary data to the Department of War, which would drive its bullish thesis beyond 2028, as per the analyst.

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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