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Palantir Leader In 'Rapidly Emerging, Diverse Enterprise AI Market,' Says Analyst, But Prefers To Stay On Sidelines: Here's Why

Benzinga LogoBenzinga10h ago

Palantir Leader In 'Rapidly Emerging, Diverse Enterprise AI Market,' Says Analyst, But Prefers To Stay On Sidelines: Here's Why - Benzinga

Quick Summary:

The Palantir Thesis: Palantir’s AI operating system, powered by its ‘Ontology’ software overcomes myriad roadblocks to adoption and ignited AI use across the enterprise landscape, said Latimore in a note.“Palantir doesn’t just automate insight creation, but also decisions – the next wave of AI,” he said.

Data analytics company Palantir Technologies, Inc.(NYSE:PLTR), which owns a proprietary artificial intelligence platform, AIP, is a great AI play, said an analyst at Northland Capital Markets.

The Palantir Analyst: Michael Latimore initiated Palantir shares with a Market Perform rating and a $35 price target, suggesting merely an 8% upside from current levels.

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 12:54:46 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 414 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22208501

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