Barclays initiates Palantir with Overweight, $265 target
Palantir shares rose about 2.5% after Barclays began coverage with an Overweight rating and a $265 price target.
5% on Friday morning after Barclays started coverage of the software company with an Overweight rating and a $265 price target. Barclays analyst Anthony Valentini said the stock’s competitive position and profitability outlook support the call.