From TokenPost · · 40s
JPMorgan Targets Palantir at $262
JPMorgan sets Palantir price target 33% above Wednesday's close.
In brief
JPMorgan sets Palantir price target 33% above Wednesday's close. JPMorgan raised Palantir's 12-month price target to $262, 33% above Wednesday's close, citing AI sovereignty demand. Originally reported by TokenPost.
JPMorgan starts Palantir coverage
JPMorgan initiated coverage of Palantir Technologies with an Overweight rating and a $262 12-month price target, 33% above Wednesday’s close.
“Demand for AI Sovereignty is accelerating.”
AI sovereignty demand accelerating
JPMorgan analyst Brian Essex said businesses are adopting Palantir’s technology to improve returns on artificial intelligence investments.
Palantir reports after market closes
Palantir is scheduled to report third-quarter results after the market closes Monday, Nov. 2.
In short
JPMorgan raised Palantir's 12-month price target to $262, 33% above Wednesday's close, citing AI sovereignty demand.
