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Palantir Gets Credit Suisse Neutral Rating, Stock Slides -Breaking

by Mike Robinson

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© Reuters

Sam Boughedda

Investing.com — Credit SuisseIt has informed investors that it initiated Palantir Technologies Inc (NYSE) neutral Tuesday rating

Phil Winslow, analyst, put a target price of $25 on the stock. Its shares fell more than 3% to $22.69 in Tuesday’s session.

Winslow indicated that he believed the company offered a different “converged” data fabric, which allows businesses to utilize diverse data sets.

Winslow stated that the Foundry product has significant commercial potential. The analyst cautioned that Palantir’s financial performance is impacted by large contracts with only a handful of customers.

Yesterday Palantir said it has teamed up with artificial intelligence firm BigBear.ai.

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