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Citi Upgrades Palantir to Buy on AIP Momentum Ahead of Feb. 2 Earnings

Citigroup’s call leans on CIO feedback that points to sustained commercial demand for Palantir’s AIP and potential U.S. government modernization tailwinds.

Overview

  • Citigroup analyst Tyler Radke set a $235 price target, arguing Palantir’s commercial growth should continue to accelerate and that government revenue could soon inflect.
  • Palantir has outpaced the S&P 500 for three straight years, gaining about 167% in 2023, 340% in 2024, and 135% in 2025.
  • Quarterly year-over-year revenue growth has accelerated each quarter since Q2 2023, rising from about 13% to roughly 63% last quarter.
  • Adoption of Palantir’s Artificial Intelligence Platform, layered on Foundry to create a single source of truth, is cited as helping reduce AI hallucinations and drive enterprise use cases.
  • Next results are slated for Feb. 2 after the close, with estimates calling for EPS of $0.21 and revenue of $1.34 billion, as Wall Street debates valuation with ratings ranging from Truist’s Buy at $223 to RBC’s Sell at $50 and a Hold consensus near $195.