Argus Research initiated coverage on Palantir Technologies with a buy rating. The firm points out that the growing adoption of its AI software platform by commercial customers is going to be a tailwind.
While many companies have attempted to brand themselves around artificial intelligence (AI), Palantir is genuinely in the space.
Palantir Technologies Inc (NYSE:PLTR) stock is 4.7% lower trade at $24.36 this morning, after Monness Crespi Hardt double downgraded the data analytics company to "sell" from "buy" earlier.
Monness, Crespi, Hardt & Co. analyst Brian White downgraded shares of the data-analytics software stock to Sell from Neutral and issued a $20 price target on Friday.
Monness, Crespi, Hardt & Co. analyst Brian White didn't mince words in describing Palantir Technologies Inc.'s valuation as he downgraded the software stock to sell.
In the closing of the recent trading day, Palantir Technologies Inc. (PLTR) stood at $25.56, denoting a -1.01% change from the preceding trading day.
Shares of Palantir Technologies Inc. PLTR are trading lower on Thursday after announcing a new contract with Starlab Space.
Palantir (NYSE: PLTR ) stock is down today despite inking a new deal to become Starlab Space's exclusive supplier of enterprise-wide software data management solutions. What does this mean for the analytics company?
Palantir was initiated as a buy by a Wall Street firm on Monday. In addition, the company announced two new large customer wins.
Artificial intelligence is the hottest investing trend in 2024.
Palantir (NYSE: PLTR ) stock is in the news Thursday after the big data and artificial intelligence ( AI ) analytics company announced a new partnership with the Advanced Research Projects Agency for Health (ARPA-H). The partnership has the two companies teaming up on AI and machine learning ( ML ).