BofA weighs in on Palantir (PLTR) after CEO Karp's AIPcon appearance

BofA Securities analyst Mariana Perez Mora reiterated a Buy rating and $18.00 price target on Palantir Technologies Inc. (NYSE: PLTR).

"CEO Dr. Alexander Karp kicked off the second AIPCon announcing that since the June launch AIP now supports 150 customers and grew 50% M/M. To accelerate new customer adoption even further, PLTR is launching an AIP Bootcamp. We see the 5-day Bootcamp, covering 1. Applying AI to operations 2. Developing uses cases 3. Onboarding and training users, as a major improvement in PLTR’s customer acquisition strategy. Previously PLTR relied on extended trial runs with intense support from PLTR’s forward deployed engineers. We see the new strategy as having a greater ability to scale, capture the increased demand, and being less capital intensive if a company ultimately chooses not to pursue the project."

For an analyst ratings summary and ratings history on Palantir Technologies Inc. click here. For more ratings news on Palantir Technologies Inc. click here.

Shares of Palantir Technologies Inc. closed at $15.46 yesterday.

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