Citi Upgrades Palantir (PLTR) Price Target to $235, 199% YoY RPO Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Price Target Upgrade: Citi analyst Tyler Radke raised Palantir's price target from $210 to $235, implying a 34% upside from the current share price, reflecting optimistic market expectations for future growth.
- Significant RPO Growth: Palantir's remaining performance obligations (RPO) in the U.S. commercial segment reached $3.6 billion, up 199% year-over-year, showcasing the company's strong ability to lock in customers and future revenue, further solidifying its market position.
- Government Contract Expansion: The $10 billion enterprise service agreement with the U.S. Army and the $795 million expansion of the Maven Smart System agreement indicate that its public sector business could achieve at least 51% growth by 2026, with potential upside reaching 70%.
- AI Collaboration Prospects: Palantir's partnerships with top AI developers like Nvidia, combined with the Pentagon's increased AI investments, suggest substantial future growth potential for the company, although its high price-to-sales ratio of 115 may face valuation pressures.
Analyst Views on PLTR
Wall Street analysts forecast PLTR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PLTR is 192.88 USD with a low forecast of 50.00 USD and a high forecast of 255.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
5 Buy
10 Hold
2 Sell
Hold
Current: 177.070
Low
50.00
Averages
192.88
High
255.00
Current: 177.070
Low
50.00
Averages
192.88
High
255.00
About PLTR
Palantir Technologies Inc. is engaged in building software to assist in counterterrorism investigations and operations. The Company has built four principal software platforms, including Palantir Gotham (Gotham), Palantir Foundry (Foundry), Palantir Apollo (Apollo), and Palantir Artificial Intelligence Platform (AIP). Apollo is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems. Gotham enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants. Foundry transforms the ways organizations operate by creating a central operating system for their data. AIP enables responsible artificial intelligence (AI)-advantage across the enterprise by using primary, core components built to effectively activate large language models and other AI within any organization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
