Goldman Sachs Lifts PT on Palantir Technologies (PLTR) to $141 From $90, Keeps Neutral Rating

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the most buzzing stocks to invest in right now. Goldman Sachs lifted the firm’s price target on Palantir Technologies Inc. (NASDAQ:PLTR) to $141 from $90 on August 5, maintaining a ‘Neutral’ rating on the shares.

Palantir Technologies Inc. (PLTR): I Don't Own It, But I Recommend It, Says Jim Cramer

A software engineer manipulating a vast network of code on virtual monitors.

In other news, Palantir Technologies Inc. (NASDAQ:PLTR) announced on August 12 a multi-year expansion of its partnership with SOMPO Holdings, Inc. through its Japanese joint venture Palantir Technologies Japan KK.

SOMPO employs Palantir Technologies Inc.’s (NASDAQ:PLTR) Foundry across a number of its subsidiaries with thousands of daily users.

SOMPO has been utilizing Foundry across care facilities in Japan since 2020, primarily to raise urgent patient needs, report care to the government, and support the care of senior citizens.

Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms that serve as central operating systems for customers. The company focuses on augmenting human intelligence and developing products for human-driven real-world data analysis.

Its commercial segment manages customers in non-government industries, while the government sector includes customers from the United States government and non-United States government agencies.

While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.