Palantir (PLTR) Demand Trends Remain Strong, UBS Finds No Pressure

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the AI Stocks In The Spotlight For Investors. On September 9, UBS analyst Karl Keirstead reiterated a Neutral rating and $165.00 price target on the stock following research on the company’s demand trends.

Speaking with three sources, the firm came away constructive on the stock, particularly Palantir’s fundamentals. It didn’t find any pressure from commercial or government segments either.

“Over the last few weeks we spoke with 3 checks (one of Palantir’s largest customers as well as two Palantir services partners) to stay current on demand trends and we also recently met with the CFOs of Palantir as well as privately-held Anduril to sharpen our view of both stories as well as Defense spending trends. Bottom line, we remain very constructive on Palantir’s fundamentals and didn’t pick up any evidence of emerging pressure in the commercial or government segments.”

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems.

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