UBS Says Palantir Shares Are Cheap Relative to AI Software Rivals

UBS has said that shares of Palantir Technologies are trading at relatively cheap levels compared with other artificial intelligence-linked software companies, according to a CNBC report published September 15.

The bank indicated that Palantir is likely to see its stock rally further as demand for its data analytics and software services remains strong, fueling continued growth for the company, CNBC reported.

Palantir, once considered a highflier in the technology sector, has drawn significant attention from investors amid the broader boom in artificial intelligence-related stocks over the past several years. The company's software is used by government agencies and commercial clients for data analysis and decision-making tools.

According to CNBC's report, UBS's assessment positions Palantir favorably against other software firms that have benefited from the AI investment surge, suggesting the company's current valuation does not fully reflect its growth trajectory relative to peers.

Details on specific price targets, ratings changes, or the full scope of UBS's analysis were not included in the available excerpt of the report. CNBC did not provide additional commentary from Palantir in the material reviewed.