Why Palantir Stock Powered to a More Than 5% Gain Today
On Friday, high-profile software stock Palantir Technologies (NASDAQ:PLTR) received a boost from a bank that has decided to track its fortunes. As this was quite a bullish initiation of coverage, it improved investor sentiment enough to push the company’s shares to a substantial 5%-plus increase that trading session.
Just after market close on Thursday, Barclays‘ (NYSE:BCS) Anthony Valentini inaugurated his tracking of Palantir. He flagged the specialty tech company with an overweight (read: buy) recommendation and set his price target at $265 per share.
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