JPMorgan Initiates Palantir Coverage With Overweight Rating, $262 Target
JPMorgan initiated research coverage of Palantir with an overweight rating and a $262 12-month price target, 33% above Wednesday’s level.
Palantir Technologies is likely to rally as large businesses increasingly embrace artificial intelligence to boost returns, according to JPMorgan.The investment bank initiated research coverage of the software stock with an overweight rating and a $262 12-month price target, 33% above the Wednesday…