BofA Securities analyst Mariana Perez Mora reiterated a Buy rating and $18.00 price target on Palantir Technologies Inc. (NYSE: PLTR).

"CEO Dr. Alexander Karp kicked off the second AIPCon announcing that since the June launch AIP now supports 150 customers and grew 50% M/M. To accelerate new customer adoption even further, PLTR is launching an AIP Bootcamp. We see the 5-day Bootcamp, covering 1. Applying AI to operations 2. Developing uses cases 3. Onboarding and training users, as a major improvement in PLTR’s customer acquisition strategy. Previously PLTR relied on extended trial runs with intense support from PLTR’s forward deployed engineers. We see the new strategy as having a greater ability to scale, capture the increased demand, and being less capital intensive if a company ultimately chooses not to pursue the project."

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Shares of Palantir Technologies Inc. closed at $15.46 yesterday.