Dan Ives initiates Palantir coverage with a $250 price target, sparking a stock rise
Analyst Dan Ives launched coverage of Palantir Technologies, assigning a Buy/Outperform rating and a $250 price target. He highlighted the company's 93% year‑over‑year revenue growth and its AI platform suite. The coverage announcement coincided with a pre‑market jump of about 2% and a modest intraday gain later in the day. Ives also contrasted Palantir’s growth with Oracle’s capital‑intensive AI investments.
Why it matters
Ives’ bullish call and $250 target provide a strong catalyst for investors, as reflected by the immediate 2% pre‑market rally and subsequent price appreciation. The rating may attract additional buy‑side interest and increase trading volume in Palantir shares.
Key facts
- 1Dan Ives initiated coverage of Palantir with a Buy rating and a $250 price target. gurufocus.com
- 2Ives also gave Oracle a Hold rating and a $155 price target. finance.yahoo.com
- 3Palantir generated roughly $1.9 billion in second‑quarter revenue, up 93% year over year. finance.yahoo.com
- 4Palantir’s Q2 revenue was $1.94 billion, up 93%, with U.S. commercial revenue up 149%. gurufocus.com
- 5Palantir stock rose 2.3% in pre‑market trading after Ives’ initiation. investing.com
- 6Palantir stock later rose 0.3% to $192.68 following Ives’ endorsement. gurufocus.com
Open questions
- Revenue figure differs between $1.9 billion (material 2) and $1.94 billion (material 4).
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.