11 AI News and Ratings You Should Not Miss

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9. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44  

Palantir Technologies Inc. (NYSE:PLTR) is an American company that specializes in software platforms for big data analytics. The company has received bullish calls from analysts following third quarter results that crushed estimates. Wedbush analyst Daniel Ives on November 5 maintained an Outperform rating on the stock and raised the price target to $57 from $45. The analyst noted that the new price target reflected the increased confidence in the game-changing Artificial Intelligence Platform, or AIP, strategy of the firm with use cases for AI taking hold over the next 12 to 18 months. Ives added, referring to the results, that this was an eye-popping quarter for the Messi of AI growth story as AIP received unprecedented demand as more enterprises realized the value of PLTR’s entire product suite with more AI use cases being brought to the table.

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