Bank of America analyst upgrades Antiradar stock

• Palantir stock was rated a "buy" this week by Bank of America analysts, with a price target of $13. • The bank's target represents potential upside of nearly 50% from Tuesday's closing price. Analysts at the bank gave a price targets of $13, which would represent nearly 50% upside from Tuesday's closing price of $8.71 Palantir stock has risen 14% in the past week, climbing to $9.23 at the market open from $8.09 last Wednesday. Palantir received a "buy" rating from Bank of America on Tuesday, with the bank initiating coverage of the data software firm with a bullish outlook on its strong position in the market for AI-based technologies. • The bank predicted that growing national security concerns will lead to a 30% jump in revenue. Despite a rough start to the year, the BofA analysts predicted 30% growth in revenue for the Palantir, speculating that its first-mover advantage in the industry and its secure technology would give the firm a leg up as AI demand continues to grow. Although analysts cited concerns over the company's low volume of commercial business, they gave a positive outlook for future growth: "Increased urgency on modernizing military and intelligence capabilities should provide significant opportunities," analysts said. Increased national security spending in the midst of Russia-Ukraine conflict would also contribute to earnings growth, something that Palantir has acknowledged would be one of its main growth strategies. (Markets Insider). Continue reading.



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