Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 15 AI stocks that are quietly making investors rich.
On February 27, Karl Keirstead from UBS upgraded Palantir Technologies Inc. from a Neutral rating to Buy. The analyst estimated a price target of $180 for the stock, resulting in an upside potential of almost 19% at the prevailing level.
Earlier on February 18, Mizuho upgraded Palantir Technologies Inc. from Neutral to Outperform. The firm left the $195 target price unchanged, which yields almost 29% upside potential at the current level.
Mizuho highlighted the company’s exceptional revenue growth, accelerating momentum, and margin expansion on a scale unprecedented in the software space. The firm also noted that the valuation multiple of Palantir Technologies Inc. had fallen 46% during the first 6 weeks of the year, which led to a valuation de-rating. However, it sees the risk-reward profile for the stock as attractive, and has cited the company’s impressive growth and improving margins as the key reasons for the upgraded rating.
Palantir Technologies Inc. is a provider of data analytics software that creates robust operating systems for the modern enterprise. The company enables organizations to integrate massive datasets into a unified environment, accelerating complex decision-making through AI-driven insights, advanced predictive modeling, and seamless operational coordination across intelligence and commercial sectors.
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