Goldman Sachs Upgrades Palantir Amid Recent Underperformance
Palantir Technologies Inc. (PLTR) saw renewed investor attention after Goldman Sachs upgraded its rating for the company, citing recent underperformance as a buying opportunity. The firm raised its stance from Neutral to Buy and set a new price target of $230 per share, representing an estimated 18% upside potential at that level. Analyst Gabriela Borges highlighted this upgrade in her report on Thursday. In response to the upgraded outlook, Palantir shares rose by approximately 2.5% during premarket trading. The move reflects growing confidence among some analysts regarding the company's long-term prospects despite recent market challenges.
