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Palantir initiated with a Buy at Truist

Truist initiated coverage of Palantir (PLTR) with a Buy rating and $223 price target Palantir holds a unique market position and is ideally positioned for increased AI adoption by both governments and enterprises, the analyst tells investors in a research note. Truist expects Palantir to maintain a strong margin profile while continuing to benefit from AI tailwinds on its top line.

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