Jefferies Upgrades Palantir Technologies to Hold, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill upgraded Palantir Technologies (PLTR) from Underperform to Hold and increased the price target from $13 to $22.
February 06, 2024 | 10:27 am
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Jefferies upgraded Palantir Technologies from Underperform to Hold and raised the price target from $13 to $22.
The upgrade from Underperform to Hold by a major analyst like Jefferies, coupled with a significant increase in the price target, suggests a more optimistic outlook on PLTR's future performance. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
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