Palantir Technologies Inc. (PLTR) PT Raised to $12 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $12.00 (from $11.00) while maintaining a Neutral rating.

The analyst commented, "We are impressed by the level of re-acceleration in the US commercial business and the strategic decision to recenter the GTM around AIP bootcamps, which appear to be contributing to deals faster than we initially anticipated. With that said, we continue to see better risk-reward in other names in our coverage and look to gauge the sustainability of growth driven by AIP."

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