Palantir's (PLTR) Quality and Supply Chain Archetypes Dramatically Reduce Time to Implementation, Goldman Reiterates $34 PT

April 15, 2021 7:46 AM EDT
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Price: $18.37 -2.75%

Rating Summary:
    2 Buy, 2 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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Goldman Sachs analyst Christopher Merwin reiterated a Buy rating and $34.00 price target on Palantir Technologies Inc. (NYSE: PLTR) after hosting a meeting demonstrating the capabilities of its Foundry platform and two newly developed out of the box archetypes for Foundry: Quality Archetype and Supply Chain Archetype. The meeting highlighted the ability to ingest data, analyze, and deploy the output into predictive models all in a matter of hours – something that historically has taken several months or even years to do manually.

The analyst stated "By creating ready-made solutions for specific customer pain points, we believe Palantir will continue to improve its product market fit among commercial customers. We are Buy rated on shares of PLTR with a $34 12-month price target."

For an analyst ratings summary and ratings history on Palantir Technologies Inc. click here. For more ratings news on Palantir Technologies Inc. click here.

Shares of Palantir Technologies Inc. closed at $23.98 yesterday.

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