Palantir Stock Rises as Truist Names It a Top Software Pick
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Palantir's stock rose approximately 1% after Truist Securities initiated coverage with a "Buy" rating and a price target of $223. The firm highlighted Palantir's significant role in generative AI adoption and noted accelerated revenue growth and improved operating margins. Over the past year, Palantir shares have surged over 120%, driven by strong U.S. government revenue and commercial growth. Truist emphasized the company's favorable financial profile and potential for long-term growth in international markets as AI integration increases.
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