Palantir price target raised to $16 from $14 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Palantir to $16 from $14 and keeps a Neutral rating on the shares after its Q2 earnings beat and guidance raise. The firm continue tos view Palantir as uniquely positioned to benefit from medium-term enterprise AI engagements given its ability to structure data, upgrade IT infrastructure and custom build AI applications, which is translating into a much stronger demand backdrop for the company relative to the more mixed Q2 results in the broader software ecosystem, the analyst tells investors in a research note.