Apr. 28 at 10:42 AM
$PLTR Palantir price target lowered to
$210 from
$260 at Citi
PLTR
6:34 AM
Citi lowered the firm's price target on Palantir to
$210 from
$260 and keeps a Buy rating on the shares. Citi upped Palantir's estimates ahead of the Q1 report but cut the price target to reflect the recent multiple compression in software. The firm expects continued momentum for Palantir in Q1 following the large contract renewals with Airbus and Stellantis. The analyst believes Palantir remains one of the top AI beneficiaries.