Truist Securities initiates coverage of Palantir Technologies (PLTR.O) with “buy” rating; sets PT of $223, 28.1% upside to last close
Brokerage says PLTR’s ability to securely integrate proprietary data across large organizations positions co to benefit as governments and enterprises roll out AI-driven decision-making through its Artificial Intelligence Platform (AIP)
PLTR’s US government and commercial businesses have seen sharp growth acceleration following April 2023 launch of AIP, with US government revenue growing more than 50% from a year ago over past two quarters; US commercial revenue rose 73%
Six of 26 analysts rate stock “strong buy” or “buy,” 17 “hold” and 3 “sell” or “strong sell”; their median PT is $200 - data compiled by LSEG
In last 12 months, PLTR stock rose 117.8%

PLTR

- Truist Securities has started coverage of Palantir Technologies (PLTR.O) with a "buy" rating and a price target of $223, indicating a 28.1% upside from the last close.  
- The brokerage highlights that Palantir’s capability to securely integrate proprietary data positions it well for growth as governments and enterprises adopt AI-driven decision-making with its Artificial Intelligence Platform (AIP).  
- Following the April 2023 AIP launch, US government revenue surged over 50% year-over-year in the past two quarters, while US commercial revenue increased by 73%.

BUZZ-Truist initiates coverage of Palantir with 'buy'