Palantir Targets Closed-Source AI Pain Points as Upgrade Lifts Shares

Silicon Valley data analytics company Palantir is positioning its ability to orchestrate different AI models and agents on its own data platform as a way for businesses to avoid the operational risks of direct dependence on closed-source models from OpenAI, Anthropic and others. The capability helps companies retain control over their data, computing resources and models, providing Palantir with a key competitive moat in the AI software market.

D.A. Davidson analyst Gil Luria upgraded Palantir to “buy” from “neutral” on July 2 and raised his price target to $175 from $165. The shares rose 2.84% that day to close at $129.30, rebounding 20.5% from their 52-week closing low on June 25. CEO Alex Karp also stressed on July 1 that both Palantir and Nvidia advocate giving customers sovereignty over their data and AI.