The analyst is long Palantir (PLTR) with a price target above $130, maintaining a high conviction in the AI software thesis despite recent price declines.
PLTR is at a 52-week low near $107, down ~40% YTD, but the AI software thesis remains unchanged and it is the highest conviction name in the book.
$PLTR $130 plus in PM
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +2.5% | +1.6% |
| 1 week | -0.2% | -1.1% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |