10 AI News You Shouldn’t Miss

8. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44

Palantir Technologies Inc. (NYSE:PLTR) is a public American company that specializes in software platforms for big data analytics. Its Artificial Intelligence Platform, AIP, has transformed its business, which is used to test, debug code, and evaluate AI-related scenarios.

On November 5th, Morgan Stanley analysts removed their “Underweight” rating and price target on Palantir Technologies Inc. (NYSE:PLTR) to a “Not Rated” position. The firm states that they have removed the rating and price target to re-evaluate their thesis, rating, and price target on the stock. At the same time, it is optimistic about the company’s AI positioning. Earlier, maturing government growth lagging commercial traction, and limited free cash flow revision potential had led to a negative view of Palantir. Since this is no longer the case, they have removed their Underweight rating.

‘The trend lines extending into this quarter prove stronger than expected, highlight the company’s AI positioning, and rare profile”.

-Morgan Stanley analysts.