PLTR - Is Palantir Technologies Stock Going to $25? 1 Wall Street Analyst Thinks So.
2024-05-11 03:05:00 ET
There's no denying that Palantir Technologies (NYSE: PLTR) has been a beneficiary of the secular tailwinds of artificial intelligence (AI) . The company's data analytics and AI systems serve U.S. government and enterprise business clients alike. However, concerns about one metric in Palantir's financial results sent fair-weather investors to the exits.
One Wall Street analyst believes it's much ado about nothing.
Citi analyst Tyler Radke boosted his price target to $25 on Palantir stock while maintaining a neutral (hold) rating on the shares. For those keeping score at home, that represents potential gains for investors of 18%, compared to Thursday's closing price. The analyst cited "solid upside," as evidenced by Palantir's results.
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Is Palantir Technologies Stock Going to $25? 1 Wall Street Analyst Thinks So.