Palantir shares surged Monday as Wedbush analysts called it one their "top names" to own in 2025, expecting it to benefit from a "tidal wave of spending on AI."

On the heels of its recent pullback, Palantir's stock is now down roughly 32% from its high. Despite some recent big sell-offs, the company is still valued at approximately 152.5 times this year's expected earnings and 52.6 times expected sales.