Palantir Technologies Inc. could boast an advantage over other software players when it comes to artificial intelligence, thanks to its longstanding focus on privacy.
That’s according to BofA Securities analyst Mariana Perez Mora, who boosted her price objective on Palantir’s PLTR stock to $18 from $13 in a Monday note to clients. The stock was up more than 4% in Monday morning action. Perez Mora cheered the company’s “unique position” in the AI race and added that the company has shown “demonstrated use cases across sectors.”
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