Why Palantir Stock Could Be the Top Bet on Generative AI

InvestorPlace2023-06-13

Palantir (PLTR) is up more than 4% today after Bank of America analysts raised the price target on the data analytics company.According to BofA analysts, the company’s AI platform is highly advanced ...

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Blurking
2023-06-13
Blurking
Nice
lalala12334
2023-06-13
lalala12334
YES

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Indeed, according to BofA analysts, Palantir is in a “unique position” to capitalize on the “rising AI opportunity.”In their recent note on Palantir, BofA analysts reiterated a “buy” rating while raising their price target on the company to $18 per share from $13.On the date of publication, Shrey Dua did not hold  any positions in the securities mentioned in this article. The opinions expressed in this article","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"translate_title":"为什么Palantir的股票可能是生成性人工智能的最大赌注","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLTR":1},"content_text":"Palantir (PLTR) is up more than 4% today after Bank of America analysts raised the price target on the data analytics company.According to BofA analysts, the company’s AI platform is highly advanced and clients claim that it may be ahead of competitors by as much as five years.PLTR stock is up more than 144% year-to-date as one of the biggest winners of this year’s AI wave.Palantir (NYSE:PLTR) stock is enjoying an artificial intelligence-fueled uptick today after Bank of America analysts raised their price target on the popular data analytics company. Indeed, according to BofA analysts, Palantir is in a “unique position” to capitalize on the “rising AI opportunity.”In their recent note on Palantir, BofA analysts reiterated a “buy” rating while raising their price target on the company to $18 per share from $13.Palantir’s advantage in the space is apparently the result of “its experience working with the government and highly regulated industries “amid growing legal, ethical, and regulatory concerns over the use of AI in business.” And BofA’s analysts point out that “PLTR has already developed and implemented the architectural design that supports generative AI in a compliant and private world.”Palantir has proved one of the big winners of this year’s AI wave, a notion that clearly hasn’t gone over the heads of PLTR leadership.“…the company has received more inbound interest in the last few weeks than in all of last year, all related to the recent launch of AIP (Artificial Intelligence Platform),” said Plantir CEO Alex Karp.PLTR Stock Continues to Rise on Generative AI PotentialThe analysts also disclosed insights made by current Palantir customers, who apparently believe PLTR may be as much as “five years ahead of the closest company,” further speculating that its newly launched Artificial Intelligence Platform (AIP) “could help PLTR further penetrate within existing customers and open up partnership opportunities.”Reasonably so, PLTR is up a staggering 144% year-to-date. 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