Why Shares of Palantir Are Surging Today
Shares of the artificial intelligence (AI) decision making company Palantir (NASDAQ: PLTR) traded over 3% higher, as of 11:09 a.m. ET Monday. The stock is coming off several new research reports from Wall Street analysts last week, and also could be benefiting from the escalating conflict in the Middle East.
Loop Capital analyst Mark Schappel issued a new report late last week, reiterating a buy rating on Palantir and raising his price target from $130 to $155, a new Wall Street high. Schappel said that Palantir's foray into enterprise AI has only just begun and will soon begin to scale rapidly.
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Source Fool.com
