Why Palantir Technologies Stock Charged Higher Today
Yahoo Finance ·
Palantir Technologies ( PLTR +3.05% ) stock hit the ground running Thursday, climbing as much as 5.7%. As of 11:38 a.m. ET, the stock was still up 3.1%. The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was bullish commentary by a Wall Street analyst. Palantir stock has been on the receiving end of a brutal downturn, tumbling 38% from its peak -- despite generating stunning growth -- and one analyst believes the selling has simply gone too far. D.A. Davidson analyst Gil Luria upgraded Palantir stock to buy from neutral (hold), while simultaneously raising his price target to $175 from $165. For investors keeping score at home, that represents potential upside of 39% compared to Wednesday's closing price.
DYAX Investor Sentiment
Bullish (Long) 57% · Bearish (Short) 43%
253 participants
Related News
- Meta Eyes Cloud Business for AI Capacity
- Silicom falls 10% despite analyst upgrade after AI-driven rally
- SpaceX, Amazon, and the Race to Own the Consumer's Digital Life. Which Stock Wins?
- 3 AI Stocks to Still Buy If Inflation Stays Sticky
- Greenbrier downgraded at Susquehanna on low railcar orders
- 1 Major Warning Flag AMD and Intel Investors Can't Afford to Ignore