The stock price of Palantir Technologies Inc (NYSE: PLTR) has received a price target increase from $13 to $34 by Goldman Sachs. And Goldman Sachs analyst Christopher Merwin upgraded Palantir from “Neutral’ to a “Buy” rating.
While this is great news for the price, whoever wrote the summary for GS doesn’t quite understand the technology, not one mention of data governance, which is much more difficult to do than supply chain… “anything”. Quality archetype. Ok. How about the fact that you can train various ML models, refine, collaborate and tap into completely different ML tooling? Connectivity and ability to work with all sorts of data sources, while actually doing something productive with the data… At the end of the day it just proves that Palantir is still deeply misunderstood.