BUZZ-Truist initiates coverage of Palantir with 'buy'
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Truist Securities has initiated coverage of Palantir Technologieswith a 'buy' rating and a price target of $223, indicating a 28.1% upside from the last close. The brokerage highlights Palantir's capability to integrate proprietary data, which positions the company to benefit from the growing adoption of AI-driven decision-making. Following the launch of its AI Platform in April 2023, Palantir's US government revenue has increased by over 50%, while commercial revenue has risen by 73%. Over the past year, PLTR stock has surged by 117.8%.
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