Why Palantir Stock Powered to a More Than 5% Gain Today
A pundit at a global bank initiated coverage of the company.
Overview
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.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.