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BUZZ-Truist initiates coverage of Palantir with 'buy'

Reuters01-06

BUZZ-Truist initiates coverage of <a href="https://laohu8.com/S/PLTR">Palantir</a> with 'buy'

** 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%

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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