Truist Reiterates Buy on Palantir, $223 Price Target

Truist Securities analyst Arvind Ramnani reiterated a Buy rating and $223.00 price target on Palantir (NASDAQ: PLTR).

“We met with PLTR’s CFO, Chief Architect, and Head of IR along with investors at their offices to get a deeper understanding of their offering.

The meeting reinforced our thesis that PLTR is emerging as the AI operating system layer for enterprises and government.

Our conversations reinforced our view on two key competitive advantages to Palantir’s model: 1) the Ontology (data contextualization) of its platforms, and 2) the upfront deployment processes involving FDEs.

These provide PLTR with a deep understanding of its customers’ problems to develop operating systems that can tie together fragmented data in real-time to inform better decision-making.”

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