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JPMorgan Chase Analyst Sets $262 Price Target for Palantir

The Motley Fool +1 · ·by G4L

PLTR Palantir Technologies Inc
$168.82 -0.22%
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  1. 1JPMorgan Chase analyst Brian Esquivel issued a buy rating for Palantir and set a price target of $262.
  2. 2Palantir recorded a 96% revenue growth rate in the third quarter, accelerating revenue growth for 13 consecutive quarters.
  3. 3Palantir's stock price has risen 2,400% since January 2023, emerging as a major beneficiary of the AI boom.

So what's the key point?

A JPMorgan Chase analyst expects Palantir's stock price to reach $262. The prediction is based on the view that the stock will rise further as revenue continues to grow rapidly.

Source The Motley Fool +1 · View original ↗

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