Is Palantir Technologies Stock Going to $25? 1 Wall Street Analyst Thinks So.
There's no denying that Palantir Technologies (NYSE: PLTR) has been a beneficiary of the secular tailwinds of artificial intelligence (AI). The company's data analytics and AI systems serve U.S. government and enterprise business clients alike. However, concerns about one metric in Palantir's financial results sent fair-weather investors to the exits.
One Wall Street analyst believes it's much ado about nothing.
Citi analyst Tyler Radke boosted his price target to $25 on Palantir stock while maintaining a neutral (hold) rating on the shares. For those keeping score at home, that represents potential gains for investors of 18%, compared to Thursday's closing price. The analyst cited "solid upside," as evidenced by Palantir's results.
Source Fool.com
