Morgan Stanley analysts initiated coverage of Palantir shares with an "overweight" rating on Monday, saying the firm is currently undervalued as investors fail to realize its full potential. The data-mining firm's shares haven't met investors' lofty hopes in their first month of trading. The stock closed at $9.95 on Monday, still below the $10 level Palantir first began trading at.
Palantir will surge 31% as Wall Street realizes potential for breakneck profit growth, Morgan Stanley says