Palantir price target raised to $24 from $21 at BofA

BofA raised the firm’s price target on Palantir to $24 from $21 and keeps a Buy rating on the shares. Palantir’s Artificial Intelligence Platform, or AIP, is “still in its infancy and already contributing in a meaningful way,” says the analyst, who expects the momentum to continue. This remarkable growth is a sign of Palantir’s “unique position as an enabler of AI-powered data-driven decision making in a tangible, accessible, and operational way,” the analyst tells investors in a post-earnings note.