Palantir stock target increased, outperform on AI strategy confidence By Investing.com
On Tuesday, Palantir Technologies Inc . (NYSE: NYSE:) saw its stock price target increased by Wedbush from the previous $45.00 to a new target of $57.00. The firm has maintained its Outperform rating on the stock. The adjustment comes with a heightened confidence in Palantir’s Artificial Intelligence Program (AIP) strategy, which is expected to significantly impact the market within the next 12 to 18 months.
The analyst from Wedbush highlighted a particularly strong quarter for Palantir, often referred to as the “Messi of AI growth story,” in reference to the company’s performance. The demand for Palantir’s AIP has been described as unprecedented, with more enterprises recognizing the value of the company’s full product…
