Aug. 5 at 7:02 PM
Wedbush Hikes Palantir Price Target to
$200 on AI Momentum
Wedbush raised its price target for Palantir from
$160 to a Street-high
$200, citing surging demand for its AI platform. The firm called it “another impressive quarter for the Messi of AI,” maintaining an Outperform rating.
Q2 revenue hit
$1.004B (vs.
$937.7M est.), marking PLTR’s first billion-dollar quarter. U.S. commercial revenue soared 93% YoY and 20% QoQ, now over 30% of total sales. Top 20 clients averaged $ 75M in trailing 12-month revenue, up 30%.
U.S. commercial TCV jumped 222% to $ 843M. Palantir closed
$2.79B in deals (+141% YoY). U.S. government revenue rose 53% to $ 553M, beating estimates.
Profitability exceeded forecasts: Op. income reached
$464.4M (46.3% margin), and FCF was
$568.8M (vs.
$329.6M est.). Palantir guided FY revenue of
$4.142B–
$4.150B, with U.S. commercial growth expected to top 85%.
Wedbush sees PLTR on a “golden path” to become the next ORCL.
$ORCL $PLTR