Is Palantir Technologies Stock Going to $38? 1 Wall Street Analyst Thinks So.
Palantir Technologies (NYSE: PLTR) has been among the early beneficiaries of the growing appeal of artificial intelligence (AI). The company's data mining and AI solutions have been adopted by U.S. government and enterprise customers alike. Its recent results lit a fire under the stock, and investors were clearly impressed.
One Wall Street analyst believes this is just the beginning.
Wedbush analyst Dan Ives boosted his price target to $38 on Palantir stock while maintaining an outperform (buy) rating on the shares. For those keeping score at home, that represents a potential upside for investors of 57%, compared to Monday's closing price.
Source Fool.com
