Palantir price target raised to $38 from $35 at Wedbush

Wedbush raised the firm’s price target on Palantir to $38 from $35 and keeps an Outperform rating on the shares. Palantir’s Q2 report brought “strong beats” across the top and bottom lines as the company saw unprecedented demand for its artificial intelligence solutions across both commercial and government landscapes, the analyst tells investors in a research note. The firm says deals of at least $10M rose 50% year-over-year with the U.S. commercial deal count nearly doubling as Palantir’s bootcamps remain a key part of its go-to-market strategy. Wedbush says the Artificial Intelligence Platform story now is taking hold for the Palantir story.