Palantir is a ‘best-in-class AI asset’ set to build on its strong 2025 gains, says Truist
CNBC••entertainment
Key Points:
- Truist Securities initiated coverage of Palantir with a buy rating and set a price target of $223, suggesting a 28% upside despite the stock's 135% surge last year.
- Analyst Arvind Ramnani justifies Palantir's premium valuation due to its strong financial performance and unique position in driving GenAI adoption for governments and enterprises.
- Palantir is viewed as a best-in-class AI asset, leveraging its software platform that integrates proprietary data with operations and security to enhance decision-making and capitalize on GenAI implementation.
- Growth opportunities include acceleration in U.S. business AI adoption and potential long-term international expansion, supported by robust free cash flow margins exceeding 40%.
- The company has demonstrated
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