UBS Analyst Calls Palantir the 'Best AI Enabler in the Market' and Raises Price Target
Palantir Technologies, known for its data analytics platforms, is being positioned by UBS as a leading enabler of artificial intelligence (AI) within large organizations. The company's Artificial Intelligence Platform (AIP), which includes Gotham, Foundry, and Apollo, allows enterprises to integrate AI models into their existing systems while maintaining security and operational control. In Q2 2024, Palantir reported $1.94 billion in revenue—a 93% year-over-year increase—with strong growth from both government ($809 million) and commercial customers ($764 million). The company's U.S. commercial segment is now growing faster than its public sector business, with a net dollar retention rate of 157%. Remaining deal value in the commercial division rose to $6.24 billion. UBS analyst Karl Keirstead attended Palantir’s AIPCon event and raised his price target for PLTR stock from current levels to $250 per share, implying over a 30% upside potential.
Tickers: $PLTR