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Benzinga
Benzinga
Business
Adam Eckert

Why Palantir Shares Are Ripping Higher

Palantir Piper Sandler NYSE Palantir Technologies Inc

Palantir Technologies Inc (NYSE:PLTR) is surging Wednesday after Piper Sandler analyst Weston Twigg initiated coverage on the stock with an Overweight rating and a $15 price target.

Twigg believes Palantir is combining software, AI and data into powerful IT solutions that continue to be increasingly desired by large organizations. Russia's invasion of Ukraine could accelerate the adoption of Palantir products, he added. 

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