Palantir Technologies (NASDAQ: PLTR) received a higher Wall Street price target after DA Davidson reaffirmed its bullish stance on the software and artificial intelligence company.

In a research note published on September 11, analyst Gil Luria maintained a ‘Buy’ rating on Palantir stock and raised the firm’s price target to $250 from $200. 

According to the note, customer interest in AI sovereignty continues to strengthen Palantir’s position in the enterprise AI market. 

The analyst highlighted the company’s ability to act as a control plane and orchestration layer that helps organizations manage multiple AI models while controlling costs.

DA Davidson also pointed to the technology company’s expanding…