Palantir Technologies Inc. (NASDAQ:PLTR) shares are trading lower Tuesday, even as Truist Securities reiterated a Buy rating and $223 price target on the stock. Here’s what you should know.
Palantir Technologies stock is facing resistance. What’s driving PLTR stock lower?
Truist Stays Bullish On Palantir’s Forward Deployed Engineer Advantage
Truist kept its Buy call and $223 target intact on Palantir, aligning itself with almost two dozen other analysts who have bumped up their earnings expectations for the company lately.
To make its case, the firm brought in JC Christian, who runs an AI-focused recruiting business, for a client call built around a simple premise: elite forward deployed engineers are harder to come by than the chips or data center capacity everyone else is fixated on, according to Investing.com.
