Palantir: Argus Research initiates coverage on AI prospects

) are trading higher on Monday after Argus Research initiated coverage on the stock. The software services company received a Buy rating along with a price target of $29, with Argus analysts citing artificial intelligence as a potential catalyst for continued growth.Argus Research initiating coverage on the company with a buy rating $29 price target just above where it is today on the stock.

Josh Lipton spoke with Punier Ceo Alex Carp about Alex Carp saying that A I tech is going to play a crucial role on the battlefield.The fact that us defense and intelligence has kind of been one of the primary customers for artist and they expect that to continue.By the way, this is a stock that's up over 43% year to date, up 50% over the past year.

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