Palantir price target raised to $21 from $20 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Palantir to $21 from $20 and keeps a Sell rating on the shares. The company reported solid Q2 results with revenue coming in 4% above the midpoint of guidance, the largest beat in several years, the analyst tells investors in a research note. The firm says Palantir is among a handful of infrastructure software companies that have started to meaningfully monetize generative artificial intelligence. It believes the company’s positives are more than fully reflected in its stock.