Is Palantir Stock Headed to $50, Now That It's Joining the S&P 500? 1 Wall Street Analyst Thinks So.
Palantir Technologies (NYSE: PLTR) has reaped the benefits of the growing utility of artificial intelligence (AI). The company's AI and data mining solutions have fueled sales growth and rising profits, and Palantir was recently selected for inclusion in the S&P 500, sending the stock 15% higher so far this week.
One Wall Street analyst believes that's just a springboard to greater things.
Bank of America analyst Mariana Perez Mora boosted her price target on Palantir stock to a Street-high $50, while maintaining a buy rating on the shares. For those keeping score at home, that represents a potential upside for investors of 45%, compared to Monday's closing price.
Source Fool.com