Market News / Story
Palantir Stock Jumps as Barclays Turns Bullish on Software Giant
GuruFocus ·
GuruFocus reports: Palantir Technologies (PLTR) shares gained 2.5% on Friday morning after Barclays began covering the software company with an Overweight rating and a $265 price target, signaling confidence in its growth prospects and profitability. Barclays analyst Anthony Valentini pointed to Palantir's competitive advantages as a key factor behind the rating. The company develops software that helps businesses and government agencies analyze data and make operational decisions. The new…