Truist Upgrades Palantir to Buy; Northrop Grumman and Generac Holdings Stocks Rise
Truist has upgraded Palantir Technologies to a buy rating, highlighting its potential in GenAI adoption and strong connections with the U.S. military, particularly following the capture of Venezuela's Nicolas Maduro. Additionally, Northrop Grumman shares rose in premarket trading after President Trump's proposed $1.5 trillion defense budget for 2027, while Generac Holdings experienced a boost after Citi analysts issued a buy rating, forecasting a 45% stock increase driven by a recent factory acquisition to meet rising data center demand.
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Truist has upgraded Palantir Technologies (PLTR) to a buy rating, citing the potential for GenAI adoption to significantly impact enterprise technology over the next five to ten years. The firm's analysis indicates Palantir is well-positioned for increased AI adoption by governments and enterprises.
The stock also gained after the capture of Venezuela's Nicolas Maduro, with Mizuho highlighting Palantir's strong ties to the U.S. military. Northrop Grumman (NOC) shares increased by $50 in premarket trading following President Trump's call for a $1.5 trillion defense budget for 2027, despite a previous pullback. Generac Holdings (GNRC) saw a premarket rise of $3.10 after Citi analysts issued a buy rating, anticipating a 45% stock increase due to a recent factory acquisition to meet growing data center demand, projected to rise at a 15% CAGR until 2030.
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