Rosenblatt Remains a Buy On Palantir Technologies (PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) is among the Top 10 Unstoppable Growth Stocks to Invest In. Recently, on June 5, Rosenblatt reiterated a Buy rating on the stock with a price target of $225. The rating comes after the company’s AIPCon 10 event.

​The firm noted that during the event, the company made several customer announcements, including Kirkland & Ellis, Hertz, the US Department of Agriculture, and Accenture. The firm believes this indicates broad-based adoption across the public and private sectors. Moreover, the company also expanded its partnership with Google Cloud at the event. Rosenblatt views Palantir as one of the most critical players in the enterprise AI value chain.

In separate news, on June 4, Palantir Technologies Inc. (NASDAQ:PLTR) announced a multi-year, multi-million dollar enterprise expansion with GNP Seguros, which is Mexico’s largest insurance company. This makes GNP the company’s first publicly announced commercial customer in Mexico. Management noted that GNP has been using the company’s AI Platform for several years in targeted deployments. Initially, the company was using the platform for fraud detection, risk monitoring, and underwriting adaptation. The new agreement expands this across GNP’s full product portfolio, including health, life, auto, and damage insurance.

​Palantir Technologies Inc. (NASDAQ:PLTR) is an American software company that specializes in big data analytics and AI platforms. The company serves key government and commercial enterprises.

While we acknowledge the risk and potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PLTR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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