Mizuho analyst Matt Broome boosted his price target on Palantir Technologies Inc. shares PLTR, -2.03% to $14 from $8 Monday, though he kept a neutral rating and noted a doubling of the stock since Palantir's last earnings report, when management “announced its intention to aggressively pursue the AI opportunity, within the context of strong inbound demand from its existing customers.” Broome sees Palantir as “likely well-placed to manage secure AI deployments for its customers,” though he said it's “also too early to assess the implications for its model.
Palantir is well positioned for AI wave, but Mizhuo analyst isn't ready to turn bullish on the stock yet