DA Davidson and Cantor Fitzgerald Raise Palantir (PLTR) Price Targets

The probe steadfast noted that Palantir Technologies Inc. (NASDAQ:PLTR) had an “outstanding quarter” with gross maturation accelerating. This show was driven by a “parabolic US request for AI solutions.”

DA Davidson pointed retired that the institution is successful a beardown presumption to assistance customers deploy AI efficaciously done its Ontology platform. The steadfast sees Palantir Technologies Inc. (NASDAQ:PLTR) arsenic “the champion communicative successful each of software.” DA Davidson indicated that valuation concerns forestall an upgrade from the existent Neutral standing for the stock.

Earlier, connected November 4, Cantor Fitzgerald besides lifted its terms people connected Palantir Technologies Inc. (NASDAQ:PLTR) from $155 to $198 and kept a Neutral rating. This determination came aft the institution reported Q3 results, with gross beating marketplace expectations and the midpoint of the company’s guidance.

Cantor Fitzgerald’s checks suggest that Palantir Technologies Inc. (NASDAQ:PLTR) is successful a unsocial presumption to payment from AI adoption by enterprises and governments. Despite this, the probe steadfast kept its Neutral standing due to the fact that of valuation concerns arsenic the banal trades astatine astir 5 times higher than the firm’s infrastructure bundle sum median.

Palantir Technologies Inc. (NASDAQ:PLTR) is an American bundle institution that specializes successful large information analytics and AI platforms. The institution serves cardinal authorities and commercialized enterprises.

While we admit the imaginable of PLTR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.