Goldman Sachs Adjusts Palantir Price Target Amidst Industry Uncertainty

Goldman Sachs recently revised its price target for Palantir Technologies to $80, maintaining a neutral stance despite growing concerns about the artificial intelligence sector and investor unease surrounding the company’s ambitious valuation. These adjustments come as the company faces challenges from recent IPO struggles in the AI space, impacting broader market sentiment, and potentially affected by potential reductions in U.S. Department of Defense budget.