Palantir Technologies shares are trading higher after Wedbush initiated coverage on the stock with an Outperform rating and announced a $25 price target.
Portfolio Pulse from Benzinga Newsdesk
Wedbush has initiated coverage on Palantir Technologies with an Outperform rating and a price target of $25. This has led to an increase in Palantir's stock trading.
July 28, 2023 | 1:04 pm
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Palantir's stock is trading higher following Wedbush's initiation of coverage with an Outperform rating and a $25 price target.
The initiation of coverage by Wedbush, a well-known financial services and investment firm, is a positive signal for investors. The Outperform rating suggests that Wedbush expects Palantir's stock to do better than the market average. This, coupled with a price target of $25, indicates a positive outlook for the stock, leading to increased trading and potentially a rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100