This stock will benefit as companies and governments implement secure AI, Bank of America says

Analyst Mariana Perez Mora reiterated her buy rating on Palantir and $18 price target, calling the company a "key player" even after its recent pullback. Palantir sits in a "unique position" as an enabler of AI implementation across commercial and government sectors, she said.

mountain Palantir shares over the last month "We think PLTR's ability to provide genAI solutions, agnostic to a preferred LLM , compliant to tight security requirements, with demonstrated use cases across sectors, has not been fully appreciated by the market," she wrote in a Monday note to clients. Palantir has benefited this year from the buzz around all things AI. But after a blowout start to the year, the rally hit a wall in August, with shares falling about 23%.

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