Truist Reiterates Buy on Palantir, $223 PT
Truist Securities analyst Arvind Ramnani reiterated a Buy rating and $223 price target on Palantir (NASDAQ: PLTR).
“We hosted JC Christian, president of an AI-focused recruiting firm, for an investor call to discuss why elite FDEs may be scarcer than data centers or chips.
The firm conducted a 6-month study spanning 250+ C-suite interviews and analysis of 300+ FDEs and AI professionals.
As Anthropic, OpenAI and hyperscalers attempt to replicate the FDE approach, we view PLTR as structurally advantaged, having pioneered the FDE model and having trained ~80% of all elite FDEs.
We discussed drivers of FDE demand, PLTR’s positioning, and implications for AI labs.
Overall, he was positive on PLTR; views Anthropic and OpenAI as talented, but still early; and had a bleaker outlook for IT Services.”
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