Palantir stock is positioned to see gains on the back of its artificial-intelligence offerings despite market stress, one analyst argued as he reiterated a Buy rating while trimming his price target on shares of the data-analytics company.

Loop Capital Markets analyst Mark Schappel has reaffirmed his Buy rating on Palantir Technologies ($PLTR) stock, even though he lowered the price

Palantir Technologies (PLTR) stock has been among the high-growth technology investments that have suffered in the ongoing market correction

It climbed by over 60% from early January to exceed $120 per share by mid-February, then lost about 38% of that high, now trading at roughly $80 per share.

Every so often, a stock captures the imagination of investors like few others can. The company's technology promises to be so innovative, so disruptive, that investors are willing to pay incredible multiples,