What's Going On With Palantir's Stock?
Portfolio Pulse from Erica Kollmann
Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher after Argus Research initiated coverage with a Buy rating and a $29 price target. The analyst highlighted growth in both commercial and government segments, with a five-year average earnings growth rate forecast of 19%. The stock is trading above its 50-day moving average and is approaching its 52-week high.
June 17, 2024 | 6:09 pm
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Argus Research initiated coverage on Palantir Technologies with a Buy rating and a $29 price target, citing growth in commercial and government segments. The stock is trading above its 50-day moving average and is approaching its 52-week high.
The Buy rating and $29 price target from Argus Research are likely to boost investor confidence in Palantir, driving the stock price higher in the short term. The highlighted growth in both commercial and government segments further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100