Overview
- DA Davidson lifted its Palantir price target to $215 and kept a Neutral rating, citing “parabolic” U.S. demand for AI and the company’s Ontology platform.
- Cantor Fitzgerald raised its target to $198 with a Neutral stance, noting the shares trade at roughly five times the median multiple of its infrastructure software coverage.
- Palantir reported Q3 revenue up about 63% year over year with profit margins around 40%, outperforming expectations.
- Commercial revenue grew 73% to $548 million, including a 121% increase in U.S. commercial sales, while government revenue rose 55% to $633 million.
- Investors face a valuation debate as the stock trades near 117 times sales and 246 times forward earnings, with U.S. client growth slowing to about 9% year over year from 12%–13% in prior quarters.