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Why Palantir Stock Could Be the Top Bet on Generative AI
Palantir is up more than 3.5% 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 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.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
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