DA Davidson raised the firm’s price target on Palantir to $19 from $18 and keeps a Neutral rating on the shares. The company’s Q4 results were “favorable” amid inflecting demand backdrop from customers, with Palantir “capitalizing on its expanded market opportunity” with a go-to-market solution that is resonating with customers, the analyst tells investors in a research note. Palantir is set up to continue accelerating growth into 2024 from durable interest in its platform, the firm added.
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