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Why Palantir Stock Popped Today

TheMotleyFool

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Palantir Technologies (NYSE: PLTR) jumped nearly 6% on Tuesday following bullish analyst commentary.

Bank of America analyst Mariana Perez Mora placed a buy rating on Palantir's stock. She sees the software maker's shares climbing roughly 49% to $13.

Perez Mora believes Palantir gives investors a way to profit from the booming demand for artificial intelligence (AI) solutions. She sees a rising need for AI-powered tools in both Palantir's core government market and the rapidly expanding commercial market. Together, these opportunities should allow the data analytics leader to achieve its goal of at least 30% annualized revenue growth in the coming years, according to Perez Mora.

Source Fool.com

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