• 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.
Learn how to adapt to new shopping habits, create stand-out brand experiences and drive long-term business growth at Commerce Week.
During a session at the recent Digestive Disease Week annual meeting, the many research applications of artificial intelligence (AI) that can be used in the diagnosis and management of esophageal diseases were discussed, including which applications of AI may or may not impact endoscopic practice.
Stretched thin with supporting cloud infrastructure, digital-first business initiatives and ongoing virtual workforce projects, IT and cybersecurity departments are turning to managed security service (MSS) providers to help close gaps in their cybersecurity infrastructure.
HyperTaste [white device] was used to detect authentic gin from a Berlin distillery out of a lineup of several fake options as well as water.
As Oregon’s largest utilities seek to better protect themselves and their customers from the impacts of wildfires and other extreme weather events caused by climate change, they are increasingly harnessing the power of big data analytics and artificial intelligence to guide them.
Today, IKEA is launching a new AI-driven interactive design experience called IKEA Kreativ for IKEA.com and the IKEA app.
OctoML, the well-funded machine learning startup that helps enterprises optimize and deploy their models, launched a major update to its product today that will make it far easier for developers to integrate ML models into their applications.