Palantir Stock Surges After Wedbush's Ives Calls It 'Messi of AI' With A Bullish Outlook: 'On Golden Track To Success'
Portfolio Pulse from Shanthi Rexaline
Shares of Palantir Technologies, Inc. (NYSE:PLTR) surged in premarket trading after Wedbush analyst Daniel Ives initiated coverage of the stock with a bullish recommendation. Ives gave Palantir an Outperform rating and a $25 price target, suggesting a 55% upside from current levels. He praised Palantir's AI capabilities and its potential to capitalize on new use cases in the next six-12 months.
July 28, 2023 | 12:23 pm
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POSITIVE IMPACT
Palantir's stock is likely to see a positive short-term impact due to the bullish recommendation from Wedbush analyst Daniel Ives. The Outperform rating and $25 price target suggest a significant upside.
The bullish recommendation from a well-known analyst like Daniel Ives is likely to boost investor confidence in Palantir, leading to increased demand for the stock and potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100