Analyst reassesses Palantir's stock price target as the company broadens its focus

Reported about 1 year ago

Palantir Technologies' CEO Alex Karp emphasizes the importance of software in modern warfare and highlights the company's expanding commercial business. The company reported positive first-quarter earnings, with strong revenue projections, and aims to enhance its AI platform. Analyst Stephen Guilfoyle views Palantir favorably, expecting growth and technological advancements, although he acknowledges valuation risks. Guilfoyle shares positive developments in Palantir's technical analysis, raising the stock's target price to $31.

Source: YAHOO

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