YES. Davidson upgrades Palantir to Buy. AI’s more attractive valuation and strategic advantage give analysts hope of a comeback.
Shares of American software company Palantir have lost significant value over the past year. Since the beginning of the year, the decline has been more than 25 percent. While many investors have become cautious due to growing competition from large artificial intelligence model providers, analytics firm DA Davidson sees an attractive entry opportunity right now.
Analyst Gil Luria upgraded Palantir shares from neutral to buy, while raising his price target from $165 to $175.
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