Analyst says Palantir stock ‘is a high-risk investment' with new price target

Palantir’s (NASDAQ: PLTR) remains one of the market’s most polarizing AI plays, but Piper Sandler sees its potential as transformative. In a note published Friday, the firm initiated coverage on Palantir with an Overweight rating and a $170 price target, implying a roughly 10% upside from current levels.“We see PLTR as an AI secular winner,” analyst Brent Bracelin wrote, highlighting the company’s opportunity to gain share across two $1+ trillion total addressable markets (TAMs).He credited Palantir’s expan ...