Palantir's (PLTR) Quality and Supply Chain Archetypes Dramatically Reduce Time to Implementation, Goldman Reiterates $34 PT
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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."
Shares of Palantir Technologies Inc. closed at $23.98 yesterday.
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