Why Analysts Are Bullish on Palantir Technologies Inc. (PLTR)

Palantir Technologies Inc. (NASDAQ:PLTR) is among the 10 Best Performing S&P 500 Stocks in the Last 2 Years.

With the U.S. government mandating a six-month phase-out period for Anthropic’s LLMs, Rosenblatt believes it will provide “ample time” to transition to one of the many LLMs that are backed by Palantir Technologies Inc. (NASDAQ:PLTR).

The firm notes that global uncertainty and the dire need for wartime solutions will initiate agreements like the July U.S. Army deal that consolidated 75 separate contracts into a single agreement with the company. In the long term, the firm said that Middle East tensions possibly “highlight the strength and leverage of Palantir’s solution vs. just another LLM.” With that said, Rosenblatt lifted the price target on Palantir Technologies Inc. (NASDAQ:PLTR) from $150 to $200 and reiterated a Buy rating on March 3, according to TheFly.

On the same day, Piper Sandler reaffirmed an Overweight rating and a price target of $230 on Palantir Technologies Inc. (NASDAQ:PLTR). The firm pointed out that the public dispute over the Pentagon’s decision to end contracts with Anthropic due to national security risks will result in near-term operational setbacks for Palantir.

Palantir Technologies Inc. (NASDAQ:PLTR), incorporated in 2003, is a Florida-based software platform provider for the intelligence community, supporting counterterrorism investigations and operations.

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