Palantir (PLTR) is attempting to break higher.

In fact, if it can break above prior resistance around $19, it could potentially test $22 next. Helping, Wedbush analyst Dan Ives just initiated coverage of the stock with a buy rating, with a $25 price target.  “As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles,” Ives said, as quoted by Seeking Alpha. 

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“Given the company’s extensive experience handling customer data, PLTR’s transition to a pure-play AI name will leverage its existing expertise to drive advancements and deliver AI solutions powered by high-quality data.”


Ian Cooper