Add as a preferred source on GoogleJPMorgan Starts Palantir Coverage With $262 Price Target
The target is 33% above Wednesday’s close. Palantir is scheduled to report third-quarter results after the market closes Monday, Nov. 2.
JPMorgan initiated coverage of Palantir Technologies with an Overweight rating and a $262 12-month price target, 33% above Wednesday’s close, days before the AI software maker’s quarterly report.
JPMorgan analyst Brian Essex said businesses are adopting Palantir’s technology to improve returns on artificial intelligence investments. He said the company’s focus on AI sovereignty gives clients control of the full AI stack. Essex tied that focus to demand from large businesses and government customers and potential future market-share growth.
JPMorgan called demand for AI sovereignty accelerating: “Demand for AI Sovereignty is accelerating.”
Palantir is scheduled to report third-quarter results after the market closes Monday, Nov. 2.