Loop Capital analyst Mark Schappel raised the firm’s price target on Palantir (PLTR) to $155 from $130 and keeps a Buy rating on the shares. The firm cites its recent opportunity to view an AIP product demonstration and discuss enterprise AI industry trends, the competitive environment, the firm’s differentiators, and the sluggish adoption of AI in Europe, coming away from the investor meeting with increased conviction in the story, the analyst tells investors in a research note. Palantir is an early software leader in enterprise AI, which is at a tipping point as small-scale pilots move into production and as AI use cases grow exponentially across all industries, Loop added.
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