Dan Ives Says Palantir Stock Can Reach $50 In A 'Bull Case' After Q2 Earnings: 'AIP Monetization Story Shines'
Portfolio Pulse from Benzinga Neuro
Dan Ives from Wedbush has raised the price target for Palantir Technologies Inc. (NYSE:PLTR) from $35 to $38, with a bullish case of $50, following a transformative quarter driven by the success of its Artificial Intelligence Platform (AIP) and the launch of a new software platform, 'Warp Speed.' Palantir reported an 83% YoY increase in U.S. commercial customers.
August 06, 2024 | 1:51 pm
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Dan Ives from Wedbush has raised the price target for Palantir Technologies Inc. (NYSE:PLTR) from $35 to $38, with a bullish case of $50, following a transformative quarter driven by the success of its Artificial Intelligence Platform (AIP) and the launch of a new software platform, 'Warp Speed.' Palantir reported an 83% YoY increase in U.S. commercial customers.
The increase in price target by a reputable analyst, combined with strong quarterly results and significant growth in U.S. commercial customers, is likely to positively impact Palantir's stock price in the short term.
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