TradingKey – On October 9 ET, Palantir (PLTR) reached a new recent intraday high. Barclays initiated coverage of the stock with a “Buy” rating and a target price of $265.

Barclays analyst Anthony Valentini stated that Palantir possesses a deep competitive moat, enabling it to achieve unparalleled growth and margin levels. As the adoption of AI applications increases, Palantir is expected to further deepen customer relationships and expand its business scale. Meanwhile, the U.S. government’s push for unified data systems also provides growth opportunities for the company’s data integration and analytics business.

Valentini believes this customer demand-driven growth reflects the tangible value of Palantir’s existing products. Customers…