shonv
Nov 3, 3:31 PM
$PLTR Wall Street updates its price targets on Palantir
$PLTR following strong Q3 earnings, with 96% revenue growth fueling optimism despite concerns over bookings and valuation:
Truist:
$223 →
$250 (Buy) – AI monetization drives accelerating growth and expanding margins.
Citi:
$250 →
$265 (Buy) – Exceptional revenue growth fueled by U.S. commercial and government demand.
Piper Sandler:
$231 →
$235 (Overweight) – Strong enterprise AI demand, but slower bookings growth warrants monitoring.
Morgan Stanley:
$205 →
$233 (Equal Weight) – Impressive revenue acceleration, but weaker bookings temper enthusiasm.
Jefferies:
$80 (Underperform) – Maintains target; tougher comparisons and elevated valuation raise concerns about sustaining growth.
RBC Capital:
$90 →
$130 (Underperform) – Strong revenue growth, but flat backlog metrics and shorter contracts raise concerns.
https://x.com/TipRanks/status/2117610124646764627?a=x6Yql5yaLD1tshaW43o&s=19
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