(CercleFinance.com) – Goldman Sachs initiated monitoring of Palantir on Thursday with a ‘neutral’ opinion and a 12-month price target of 10 dollars, showing an upside potential of 11%.
According to the American investment bank, Palantir has a unique position in the data analysis software market thanks to its ‘holistic’ approach including data pre-processing, modeling and implementation of solutions to solve the problems.
Goldman also says it’s optimistic about the long-term opportunity the technology group is enjoying on the enterprise customer side, both driven by its product update and the growth of its sales team. from a staff of 16 in 2020 to 200 today.
The Wall Street firm nevertheless evokes a “limited visibility” in terms of activity, the current slowdown in the economy being likely, according to them, to dissuade companies from embarking on vast digital transformation projects.
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