Veteran fund manager sets bold new targets on Palantir, Nvidia stocks
Here’s what could be next for Nvidia and Palantir.

The 2nd half of 2025 got off to a muted initiating, as the S&P 500 dipped 0.1% on July 1 and hovered flat on July 2.
In keeping with ADP's most up-to-date file, the inner most sector shed 33,000 jobs in June, marking its first monthly fall since March 2023 and raising concerns about the U.S. financial system. Economists had anticipated an expand of 100,000 jobs.
In April, the market used to be weighed down by uncertainty round President Donald Trump's tariffs and financial enhance. But those concerns began to ease in May and improved further in June.
That V-fashioned restoration has now pushed each the S&P 500 and Nasdaq Composite into overbought territory, in step with Wall Facet toll road inclined fund supervisor Chris Versace. Overbuying capacity traders may fill rushed in too rapid, usually pushing the price higher than its proper price.
Versace manages TheStreet Pro's portfolio, which outperformed the S&P 500 in the important half of the three hundred and sixty five days. He renowned that the McClellan Oscillator, a technical prognosis plot inclined to measure market breadth and momentum, has but to impress an overbought condition. That means the market should restful fill room to switch higher, Versace wrote in a recent sign on TheStreet Pro.
Aloof, Versace flagged rising dangers tied to heightened market expectations round upcoming potential catalysts.
"Because the market grinds higher, the greater the likelihood that this week’s financial recordsdata, pending substitute deal announcements, or the Trump fiscal coverage invoice that gets handed may perchance disappoint the market," he warned.
Versace is making adjustments to the Pro Portfolio, revisiting a couple of label targets and apprehension aspects for closely watched names like Palantir (PLTR) and Nvidia (NVDA) . Image source: Kevin Dietsch/Getty Pictures
Palantir stock label target raised to $160
Palantir is identified for offering AI-pushed recordsdata analytics tool to the U.S. executive, militia, and commercial purchasers worldwide, in conjunction with JPMorgan Roam, Airbus, and Merck.
The corporate reported stronger-than-anticipated first-quarter earnings in early May and raised its fleshy-three hundred and sixty five days outlook as build a matter to for AI instruments elevated. “We're turning in the working system for the stylish endeavor in the period of AI,” CEO Alex Karp said.
Connected: Old college trader boosts Palantir label target on defense-spending outlook
Palantir shares are up roughly 74% in 2025 and hit a file terminate of $144.25 on June 26.
Versace has raised the price target for Palantir to $160 from $140.
Verasce cited several most up-to-date trends as causes for the expand: NATO leaders pledging to rob defense spending to 5% of GDP by 2035, former President Trump’s scheduled “AI Motion Day” on July 23, and Palantir’s expanded partnership with Accenture Federal Products and services to deepen its presence in U.S. executive agencies.
On the other hand, Versace renowned, “Should market forces pull PLTR shares inspire toward their 50-day transferring sensible terminate to $125, that can perchance be a motive for us to rethink our Two ranking.” The present Two ranking reflects stocks he would add on pullbacks or following a hit technical toughen tests.
Nvidia stock label target raised to $185
For Nvidia, Versace has a brand new label target of $185, up from $175 amid strengthening build a matter to indicators for AI accelerators and recordsdata center chips. The stock has gained 14% three hundred and sixty five days-to-date and closed at a brand new high of $157.99 on June 30.
Loads of trends fill pushed Nvidia’s rally since its April low. The stock first began to get better after the U.S. and China agreed to rapid end the elevated tariffs. Sentiment improved further when the Trump administration scrapped the Biden-period AI diffusion rule, which used to be one more export adjust on developed AI chips.
Connected: Analyst sends fearless message on quantum computing stocks after Nvidia CEO's pivot
In May, Nvidia got one more enhance from its announcements to offer AI chips to Saudi Arabia’s Humain, a rising tech player in the space.
On May 28, Nvidia posted real fiscal first-quarter results. Adjusted earnings got here in at 96 cents per fragment on $44.06 billion in earnings, beating Wall Facet toll road’s estimates of 93 cents and $43.31 billion.
More Nvidia:
- Analysts revamp forecast for Nvidia-backed AI stock
- Nvidia stock may perchance surge after pretty Taiwan Semi recordsdata
- Nvidia CEO sends blunt 7-word message on quantum computing
Final week, Versace trimmed the Nvidia space, promoting at a label terminate to its all-time high. “Should the market soften-up continue, odds are we may create some further register ringing,” he added.
Alongside these target updates, Versace is also raising the Palantir apprehension display $95 from $90, and Nvidia’s to $120 from $110.
Connected: Old college analyst sends blunt message on what's subsequent for stocks
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