Palantir price target raised to $32 from $29 at Argus

Argus raised the firm’s price target on Palantir to $32 from $29 and keeps a Buy rating on the shares after its Q2 results. Palantir has long served the needs of the U.S. defense and intelligence community, but the company has also expanded into the commercial sector with data management and analytics platforms capable of providing solutions to complex business problems, the analyst tells investors in a research note.