Citigroup Upgrades Palantir Technologies to Neutral, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke upgraded Palantir Technologies (PLTR) from Sell to Neutral and increased the price target from $10 to $20.
February 06, 2024 | 10:36 am
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Citigroup upgraded Palantir Technologies from Sell to Neutral and raised the price target from $10 to $20.
An upgrade from Sell to Neutral by a major financial institution like Citigroup, coupled with a doubling of the price target, is a strong positive signal for investors. It suggests a reassessment of the company's valuation and future prospects, likely leading to increased investor confidence and potential short-term price appreciation.
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IMPORTANCE 90
RELEVANCE 100