Palomar Holdings (PLMR) has disclosed a new risk, in the Technology category.
Palomar Holdings faces potential jeopardy as the company ventures into integrating artificial intelligence (AI) and machine learning into its operations. Should Palomar fail to effectively implement these technologies, or if competitors harness them more proficiently, the company could suffer a competitive disadvantage. Moreover, the growing use of AI by third-party providers adds layers of complexity and potential cybersecurity risks to Palomar’s business ecosystem. Compounded by the fluid landscape of AI regulations, Palomar must navigate a future where missteps in technology adoption or compliance could have adverse effects on its operations.
The average PLMR stock price target is $83.80, implying 3.69% upside potential.
To learn more about Palomar Holdings’ risk factors, click here.
