Overview

• Wedbush raised its price target on PLTR to $160 from $140 and maintained an Outperform rating based on strong AIP adoption.
• Veteran trader Stephen Guilfoyle set a $181 target and described Palantir as a key defense contractor in NATO’s spending plans.
• Palantir closed at $143.13 on July 9, trading near its $144.25 all-time high and up about 90% year-to-date and 403% over the past year.
• The stock trades at a trailing price-to-earnings ratio of roughly 607×, about 14 to 15 times higher than peers such as Salesforce and Microsoft.
• Stanley Druckenmiller and Cathie Wood reduced their Palantir holdings this year amid concerns over its stretched valuation.