🔼Wolfe upgrades Palantir $PLTR to Peer Perform after resuming coverage
Wolfe Research upgraded Palantir to Peer Perform from Underperform without a price target after resuming coverage of the name.
The firm believes the company's Artificial Intelligence Platform, ontology, and forward deployed engineers prove the company can turn AI interest into "scaled enterprise adoption." However, Palantir's current valuation reflects much of its improved growth and margin outlook, the analyst tells investors in a research note.
Wolfe thinks the company has the best product market fit of any enterprise software company in the market today. Palantir is the most applied enterprise AI software company, with the largest and fastest growth rates in the industry, the firm contends.