JPMorgan names Palantir a favourite, sees 30%+ upside
In short
JPMorgan says Palantir could rise more than 30% and calls it a favourite stock. The note says more businesses are using Palantir’s AI tools because they want better returns.
This matters because it is a strong Wall Street endorsement for the stock. The reporting does not give a new target price or say when the move would happen.
What the reporting says
JPMorgan says Palantir could rally more than 30% and has named it a favourite stock, according to the publisher-supplied summary. The note says businesses are increasingly adopting Palantir’s technology to improve returns on AI spending, and Essex wrote that the platform is already delivering ROI and accelerating growth. The immediate consequence is a bullish market call, while the source does not give a fresh price target or timeline.
Why it matters
JPMorgan has turned bullish on Palantir in the publisher-supplied summary, saying the stock could rally more than 30% and calling it a favourite. Essex said customers are using Palantir’s technology to improve AI returns, and that the platform is delivering ROI as growth accelerates. The source supports a positive stance on the shares, but not a fresh valuation model or timing.