Analysts Initiate Coverage on Palantir Technologies and Sutro Biopharma with Outperform Ratings
Two Wall Street analysts have started coverage on Palantir Technologies and Sutro Biopharma, assigning Outperform ratings and specific price targets. The initiations were reported on April 30, 2026. Shares of both companies closed lower than their respective targets on the previous day.
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Wall Street analysts initiated coverage on two companies, providing ratings and price targets. Mizuho analyst Salim Syed began coverage of Sutro Biopharma Inc with an Outperform rating and a price target of $50. The company's shares closed at $35.39 on Wednesday.
Oppenheimer analyst Param Singh initiated coverage on Palantir Technologies Inc with an Outperform rating and a price target of $200. Palantir shares closed at $137.97 on Wednesday. These initiations reflect analysts' views on the potential performance of the stocks. For additional analyst rating changes, including upgrades and downgrades, Benzinga provides a comprehensive page.
The announcements come amid ongoing market activity, with other stocks like Centene Corp, Crane Co, and T-Mobile US Inc showing price movements. However, the focus remains on the new coverage for Sutro Biopharma and Palantir Technologies.
Key Facts
Story Timeline
2 events- 2026-04-30
Benzinga reported analyst initiations on Palantir Technologies and Sutro Biopharma.
1 sourceBenzinga - 2026-04-29
Sutro Biopharma shares closed at $35.39 and Palantir shares at $137.97.
1 sourceBenzinga
Potential Impact
- 01
Palantir Technologies stock may see increased trading volume following the new coverage.
- 02
Sutro Biopharma shares could approach the $50 target if market conditions align.
- 03
Investors may review additional analyst views on Benzinga's ratings page.
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