💪 "Best In AI" | Palantir Bullets #163
25% upside
Editor: Emanuele Marabella
Last week:
Truist initiated coverage on Palantir, calling it a “best in class AI asset.” Target price: $223, representing a 25% upside.
"We acknowledge the significant valuation premium PLTR commands, but continue to see a Buy opportunity given its significant opportunity to drive GenAI adoption for governments and enterprises.” - Truist
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Arny
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Disclaimer: The views and opinions expressed above are current as of the date of this document and are subject to change without notice. Materials referenced above will be provided for educational purposes only. None of the above will include investment advice, a recommendation or an offer to sell, or a solicitation of an offer to buy, any securities or investment products.
The Truist upgrade mirrors what I'm seeing in teh enterprise AI space - companies finally moving from experimentation to production deployments. That quote about acknowledging the valuation premium but seeing a buy opportunity anyway is telling. The real catalyst here seems to be the gov/defense modernization cycle picking up steam. I've noticed the timeing is interesting coming right after those Project Maven results showing targeting process down from 724 to 20 minutes. Thats not incremental improvement, its transformational. Still, curious how much of this growth thesis is already baked into current valuations given the recent run.