Morgan Stanley assumed coverage of Palantir (PLTR) with an Underweight rating and $60 price target Palantir’s commercial traction and Artificial Intelligence Platform product cycle drove a multiple re-rating, while the government segment and spending discipline drove upside to estimates, the analyst tells investors in a research note. However, the firm sees the company’s success as “more than priced in at the current multiple premium.” It sees near-term risks around the incoming administration and government news flow “as reasons why dislocation might sustain near term.”
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
