Palantir Sues Percepta AI for Alleged Trade Secret Theft and Talent Poaching
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Litigation Against Competition: Palantir filed a lawsuit in October in the Southern District of New York, accusing Percepta AI co-founders Hirsh Jain and Radha Jain of using stolen information to create a 'copycat' business and attempting to poach top talent, indicating Palantir's strong vigilance against emerging competitors.
- Legal Defense Claims: Percepta AI's lawyers argue that Palantir's accusations aim to 'stifle competition' and assert that their interpretation of post-employment agreements is overly broad and unenforceable, reflecting Palantir's fear of new challengers in the market.
- Confidential Information Dispute: Palantir also accused a Percepta employee, Joanna Cohen, of sending confidential documents to her personal phone after resigning, highlighting the company's strong emphasis on intellectual property, while Percepta denied using any of Palantir's confidential information, labeling the case as baseless.
- Evidence Search Findings: In a filing on Monday, Percepta's attorneys stated that thorough searches found no Palantir materials, arguing that the screenshots taken by Cohen were done in 'good faith' to complete her tasks, emphasizing that the materials would be useless to Percepta and are now stale.
Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLTR is 187.87 USD with a low forecast of 50.00 USD and a high forecast of 255.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
3 Buy
11 Hold
2 Sell
Hold
Current: 179.410
Low
50.00
Averages
187.87
High
255.00
Current: 179.410
Low
50.00
Averages
187.87
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
