DA Davidson analyst Gil Luria raised his price target on Palantir Technologies to $215 from $170, citing the company's accelerating growth in artificial intelligence and an expanding U.S. customer base. Luria referred to Palantir as "the best story in all of software," highlighting the strong traction of its AI-powered Ontology platform. Despite the bullish commentary and significant price target increase, Luria maintained a Neutral rating on the stock. He suggested that much of the positive outlook is already reflected in the company's current valuation. This announcement followed a stock decline the previous day, where shares fell despite Palantir reporting strong quarterly results and raising its full-year guidance.
Palantir Price Target Raised at DA Davidson on Strong AI Momentum
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