Palantir: Goldman Sachs initiates follow-up to ‘neutral’

( – 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.

Copyright © 2022 All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.

Did you like this article ? Share it with your friends with the buttons below.




Source link -85