Palantir initiated with a Buy at Rosenblatt

Rosenblatt initiated coverage of Palantir (PLTR) with a Buy rating and $150 price target The firm views Palantir as a “market-disrupting, uniquely positioned AI software leader.” The company has a sustainable growth trajectory and good margin leverage, the analyst tells investors in a research note. Rosenblatt sees an attractive entry point with the shares down 33% from the high in October.