Palantir Technologies (PLTR – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mariana Perez from Bank of America Securities remains neutral on the stock and has a $21.00 price target.
Mariana Perez has given Palantir Technologies a Buy rating due to several key factors. She sees the company’s recent success and future growth as strongly tied to its significant differentiation in the field of artificial intelligence (AI) services. The fact that its AI Platform (AIP) is still in its early stages but already making substantial contributions is a positive sign. The growth in commercial customer count and revenue, and expectations of continued customer acquisition, particularly in the US market, further support this optimistic outlook.
Mariana also believes that Palantir is well-positioned to address labor challenges across industries by helping customers leverage their own data for improved employee productivity and cost reduction. She sees potential for significant acceleration in the company’s US Government revenues in the next year, reflecting the strength already seen in defense services. Furthermore, she expects Palantir to expand operating margins without sacrificing internal investments. This is based on the company’s continued commitment to R&D spending, which is anticipated to remain strong as they continue to innovate, expand product offerings, and refine their product capabilities.
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Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLTR in relation to earlier this year.
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Palantir Technologies (PLTR) Company Description:
Founded in 2003 and headquartered in Colorado, Palantir Technologies Inc. is a software company that specializes in big data analytics. The company serves public institutions, private enterprises, and non-profit sector.
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